Ministry of Coal
azadi ka amrit mahotsav

Five Coal Mines of Four States Auctioned Under 4th Tranche of Commercial Auction


Coal Ministry Auctions 47 Mines Successfully So Far

(14th TRANCHE OF AUCTION UNDER THE COAL MINES (SPECIAL PROVISIONS) ACT, 2015)

(4th TRANCHE OF AUCTION UNDER THE MINES AND MINERALS (DEVELOPMENT AND REGULATION) ACT, 1957)

Posted On: 02 APR 2022 12:18PM by PIB Delhi

The Ministry of Coal had launched the Notice Inviting Tender (NIT) for the auction of coal mines for commercial mining under the 14th Tranche of CM(SP) Act, 2015, and 4th Tranche of MMDR Act, 1957 on December 16, 2021. During the e-auction conducted on the MSTC platform on March 31st and April 01st, 2022, cumulatively five CMSP coal mines were put up for auction. A summary of these  coal mines is as under:

  • All five coal mines are fully explored coal mines.
  • The total geological reserves for these five coal mines are 665.08 Million Ton(MT).
  • The cumulative PRC for these coal mines is 14.756 MT per annum.


The details of  the coal mines are provided below:

S. No

Name of the State

Name of the Mine

Geological Reserves (MT)

PRC

(MTPA)

Annual Revenue projected based on the PRC of mine (Rs. Cr.)

Estimated Capital Investment (Rs. Cr.)

Estimated Total Employment

1

Chhattisgarh

Gare Palma IV/6

166.98

4.000

1255.66

600.00

5408

2

Jharkhand

Rabodih OCP

133.17

2.500

367.10

375.00

3380

3

Maharashtra

Chinora

17.85

0.256

62.26

38.40

346

4 & 5

Odisha

Utkal B1 & B2

347.08

8.000

1107.05

1200.00

10,816

Total

665.08

14.756

2,792.07

2,213.40

19,950

                   

The cumulative results for the 4th Tranche of commercial coal mine auction are as under:

S. No.

Name of the Mine

State

PRC (mtpa)

Geological Reserves (MT)

Closing Bid Submitted by

Reserve Price (%)

Final Offer (%)

1

Gare Palma IV/6

Chhatisgarh

4.000

166.98

Jindal Steel And Power Limited/64898

4.00

85.25

2

Rabodih OCP

Jharkhand

2.500

133.17

Twenty First Century Mining Private Limited/242211

4.00

6.00

3

Chinora

Maharashtra

0.256

17.85

BS Ispat Limited/64979

4.00

53.00

4 & 5

Utkal B1 & B2

Odisha

8.000

347.08

Jindal Steel and Power Limited/64898

4.00

15.25

 

Under the commercial coal mining auction process a total of 47 coal mines, including the above five coal mines auctioned in Tranche-4, have been successfully auctioned so far with a total cumulative PRC of 101.440 million ton per annum.

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MV/AKN/RKP



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