Govt receives 38 bids for commercial mines’ auction, says Coal Ministry

The on Monday said that it has received a total of 38 bids during three rounds of commercial coal mines’ auctions.

The online bids received as part of the auction process will be opened on Tuesday from 10 AM onwards in the presence of interested prospective bidders, said in a statement.

“The last date for submission of online technical bids for all the coal mines was 1200 hours on June 27, 2022 and offline submission was 1600 hours on June 27, 2022,” it said.

According to the statement, a total of 28 offline bids were received against 15 coal mines under fifth tranche of commercial mines’ auction.

Under second attempt of third tranche, a total of nine coal mines were put up for sale and six bids have been received against them, the statement said.

Under second attempt of fourth round, a total of four coal mines were put up for auctions and four bids have been received against three coal mines.

The fifth round, second attempt of fourth and third tranche of commercial coal mine auctions, were launched by the the coal ministry in March.

Prime Minister Narendra Modi had in 2020 launched the auction of 41 coal mines for commercial mining saying that this is a major step in making India self-reliant in energy sector.

Launching the auction of mines for commercial mining, the prime minister said India will win the coronavirus war and turn this crisis into an opportunity, and the pandemic will make India self-reliant.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Source link


Pitso Mosimane receives his CAF Pro Licence from SAFA

Former Bafana Bafana, Mamelodi Sundowns and Al Ahly coach...

Remains of 2 children found in auctioned suitcases in New Zealand

Bodies discovered in suitcases were likely in storage for...

Ambulance pressures: Thousands of taxis sent following 999 calls

Figures obtained by the BBC show taxi firms increasingly...

Gyanvapi Case: Petitioner’s Husband Gets Threat Calls from Pakistan

Last Updated: August 18, 2022, 15:52 ISTOn the Gyanvapi mosque issue, the saints said they were 'satisfied' with the Supreme Court’s decision on protecting...

AP EAMCET 2022: Before counselling schedule is released, here’s list of documents required

Manabadi AP EAMCET 2022: The Andhra Pradesh State Council of Higher Education (APSCHE) will soon upload the counselling schedule of the Engineering, Agriculture and...