Coal news and updates

MoC opens bids for Tranche 12 commercial coal blocks’ auction

The Nominated Authority, Ministry of Coal today opened the bids for the 12th round of commercial coal blocks’ auction (excluding 6 underground coal blocks), according to an official release. The round received good response from the bidders. Bids have been received for 11 coal blocks out of 22 coal blocks. The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. Entire process was displayed on the screen for the bidders. 41 bids have been received online as well as in physical form against 11 coal blocks. A total of 38 bids were received against 8 coal blocks offered in the 12th round. Under 2nd Attempt of 11th round, a total of 3 coal blocks were put up for auction and 3 bids were received against 3 coal blocks with each blocks receiving 1 bid. A total of 27 companies have submitted their bids in the auction process. More than 10 new companies have participated for the first time under commercial coal block auction.