Sunday, August 1, 2021

Day 1 of auction of coal mines witnesses strong & healthy competition among bidders

First day of auction of coal mines for sale of coal saw strong and healthy competition among the bidders. Ministry of Coal had launched the auction of coal mines for commercial mining on 18th June pursuant to a two stage forward auction process, wherein the bidders have to bid for the percentage revenue share over the reserve price.

The blocks put on auction by Ministry of Coal generated wide interest from bidders who had submitted their bids for various blocks on offer. The technical bids submitted were evaluated and the list of Technically Qualified Bidders was declared. Ministry of Coal has commenced the electronic auction of the coal mines for commercial purpose at 11 AM yesterday.

The Day 1 of e-auction has witnessed strong competition, with auction of some of the mines going on for more than 3 to 4 hours. In all the mines auctioned, the final offer received is above 10 percent signalling strong demand of coal mines in the market.

- Advertisement -
Latest news

IAF Chief RKS Bhadauria embarks on official goodwill visit to UAE

India Air Force Chief Air Chief Marshal RKS Bhadauria on Saturday embarked on an official goodwill visit to United Arab Emirates (UAE). Bhadauria will...

Nagaland, Assam sign agreement for withdrawal of forces with view to de-escalate tension along Assam-Nagaland border

Nagaland and Assam Government has signed an agreement for withdrawal of forces with a view to de-escalate tension along the Assam-Nagaland border. The agreement...

India’s Cumulative COVID Vaccination Coverage surpasses 46.72 crore mark

In a significant achievement, India’s Cumulative COVID Vaccination Coverage has surpassed 46.72 crore mark. As per 7 PM provisional report on Saturday, the cumulative...

801 persons confirmed as new COVID-19 positive cases in Manipur

801 persons including two personnel of the Central Armed Police Force were confirmed as new COVID-19 positive cases during the last twenty four hours...
Related news

IAF Chief RKS Bhadauria embarks on official goodwill visit to UAE

India Air Force Chief Air Chief Marshal RKS Bhadauria on Saturday embarked on an official goodwill visit to United Arab Emirates (UAE). Bhadauria will...

Nagaland, Assam sign agreement for withdrawal of forces with view to de-escalate tension along Assam-Nagaland border

Nagaland and Assam Government has signed an agreement for withdrawal of forces with a view to de-escalate tension along the Assam-Nagaland border. The agreement...

India’s Cumulative COVID Vaccination Coverage surpasses 46.72 crore mark

In a significant achievement, India’s Cumulative COVID Vaccination Coverage has surpassed 46.72 crore mark. As per 7 PM provisional report on Saturday, the cumulative...

801 persons confirmed as new COVID-19 positive cases in Manipur

801 persons including two personnel of the Central Armed Police Force were confirmed as new COVID-19 positive cases during the last twenty four hours...