Day 4 of Commercial Coal Mine Auction

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Coal Fields under Forest Land
Coal Fields under Forest Land

Day 4 of Commercial Coal Mine Auction

By PIB Delhi

  • 2 coal mines (1 in Madhya Pradesh and 1 in Jharkhand) were put up for auction on Day 4 of  Commercial Coal Mine Auction.
  • The total geological reserves of the mines put up for auction are ~83.63 MT with a cumulative PRC of ~1.4 MTPA. 
  • The e-auction witnessed strong competition amongst the bidders with both the mines attracting good premiums over the floor price.

The results for Day 4 are as under:

S. No.Name of the MineStatePRC (mtpa)Geological Reserves (MT)Closing Bid Submitted byFloor Price (%)Final Offer (%)Annual Revenue Generated based on PRC of mine (Rs. Cr.)
1Rajhara North (Central & Eastern)Jharkhand0.7520.27FAIRMINE CARBONS PRIVATE LIMITED/149447423.00119.14
2Sahapur EastMadhya Pradesh0.7063.36Chowgule and Company Private Limited/148516441.00142.51