JSW Steel, Jindal Steel & Power Limited (JSPL) and Bharat Aluminum Company Limited (BALCO) were among the major companies to bid on 11 coal mines on Wednesday.
A total of 21 entities submitted their bids at the latest coal mine auction. A total of 26 bids have been received for the coal mine auction in the fourth tranche of coal sales, the coal ministry said in a statement.
Five of the eleven collieries auctioned received a single bid.
The Gare Palma IV/6 mine in Chhattisgarh received a maximum of eight bids.
The mine was originally jointly allocated to JSPL and Malwa Sponge Iron Ltd in January 2006 to meet the coal needs of their respective sponge iron plants in nearby Raigarh and Taraimal districts respectively. However, the assignments, along with others, were canceled by the Supreme Court in 2014.
The Utkal B1 and B2 mines in Odisha received six bids, while Chinora in Maharashtra received four and three bids came in for Rabodih OCP in Jharkhand.
“The process of the 4th tranche of the auction of coal mines for the sale of coal was launched on December 16, 2021. The last date of submission of the technical bid was February 28, 2022,” the statement said, adding that the bids were opened on Wednesday.
It said a total of 26 bids were received against 11 coal mines.
“Two or more bids have been received for five collieries. JSW Steel, JSPL, Shyman Metalics & Energy Limited, Mahanadi Mines and Minerals Private Limited and Sarda Mines Private Limited are bidding on two mines each, while BALCO, BS Ispat, Sarda Energy & Mineral Limited and Rungta Sons Private Limited were among the companies making a single offer,” the statement said.