Government gets 78 bids for 21 commercial coal mines under coal auctions

The coal ministry has received 78 valid bids for 21 of the 38 coal mines offered in the first auction of blocks for commercial mining at the close of the deadline on September 29, 2020.

Reportedly, Hindalco and Essel Mining, the Adani group, Vedanta group company BALCO, Jindal Steel and Power and JSW are among the 46 entities who put in a total of 82 bids. The technical bids will be opened on September 30, 2020 for examination, which will continue till October 16, 2020. The financial bidding by the qualified bidders will begin on October 19, 2020 through state-run MSTC’s e-auction platform and close on November 11, 2020.



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