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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RJ/NG