Day 4 of Commercial Coal Mine Auction

for Ministry of Coal | Date - 05-11-2020


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

 

***

RJ/NG


(Release ID :216518)

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