Ministry of Coal receives technical bids from 34 companiesfor commercial coal auction-II

The Ministry of Coal has received technical bids from 34 companies including Vedanta Limited, Balco, Hindalco, Sunflag Iron & Steel, Adani Power and Adhunik Power etc.,for the second round of bidding under the commercial coal auction.

Most of the bidders are from the iron and steel industry. Three state-owned companies, namely, Chhattisgarh Mineral Development Corporation Limited, Jhar Mineral Resources Private Limited, MP Natural Resources Power Limited also participated in the auction. The coal ministry has put 19 mines for auction of which 10 are fully explored, and 9 are partially explored mines. There are four coking coal mines and the remaining 15 mines are non-coking coal mines.Sunflag Iron & Steel Company and Aurbindo Realty had submitted the highest number of bids and Burakhap Small Patch coal mine in Jharkhand received the highest number of bids of 5 among all mines.

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