Day 4 of Commercial Coal Mine Auction

November 6, 2020 11:17 am

1057

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 Mine	State	PRC (mtpa)	Geological Reserves (MT)	Closing Bid Submitted by	Floor Price (%)	Final Offer (%)	Annual Revenue Generated based on PRC of mine (Rs. Cr.)
1	Rajhara North (Central & Eastern)	Jharkhand	0.75	20.27	FAIRMINE CARBONS PRIVATE LIMITED/149447	4	23.00	119.14
2	Sahapur East	Madhya Pradesh	0.70	63.36	Chowgule and Company Private Limited/148516	4	41.00	142.51

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