Coal ministry receives 26 bids for 11 coal mines

A total of 26 bids have beenreceived by the Ministry of Coal against 11 coal mines,inthe fourth tranche of auctionof coal mines.

Two or more bids have been received for 5 coal mines.The Gare Palma IV/6 mine in Chhattisgarh received a maximum of eight bids.Utkal B1 & B2 mines in Odisha received six bids, while Chinora in Maharashtra and Rabodih OCP in Jharkhandgot fourand three bids respectively.A total of 21 companies have submitted their bids (both online and offline) in the auction process. JSW Steel Limited, Jindal Steel & Power Limited, Shyam Metalics & Energy Limited,Sarda Mines Private Limitedand Mahanadi Mines and Minerals PrivateLimitedsubmitted 2 bids each, while the remaining firms submitted one bid each.

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