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February 26, 2015

Second round of coal auction to be held on March 4

 

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The government has put off the second round of auction of 21 coal blocks to 4th March 2015 which was earlier scheduled to begin from 27th February 2015.

The auction follows the Supreme Court decision last year to cancel allocation of 204 coal mines.

So far the Government has already allotted 19 coal blocks in the first lot of coal auctions.

According to the Coal Ministry, announcement of qualified bidders for Schedule 3 Coal Blocks will be done on 2nd March 2015. The entire process of auction of schedule III blocks will be completed by April 2.

The mines on offer for schedule III mines are

  • Jharkhand: Brinda, Sisai, Ganeshpur, Lohari & Jitpur mines
  • Chhattisgarh: Durgapur and Taraimar coal blocks
  • Odisha: Jamkhani & Mandakini
  • Maharashtra: Marki Mangli-IV & Nerad Malegaon
  • Madhya Pradesh: Dongrital II (Phase I) mine

The government has received 130 preliminary bids from companies like Essar Power, Hindalco, Adani Power and Jindal Power for 21 coal blocks on offer in the second tranche of ongoing auction.

Other mines on auction are Meral coal block in Jharkhand, Rohne Coal Block in Jharkhand, Utkal C in Odisha, Dumri Block in Jharkhand, Gare Palma IV/8 in Chhattisgarh, Kosara Dongargaon mine in Maharashtra, Mandla South coal block in MP, Moitra coal mine in Jharkhand and Tare mine in Chhattisgarh.

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