WEBEntire process was displayed on the screen for the bidders. A total of 38 bids were received under three tranches of commercial coal mine auctions. Under Fifth tranche of auctions, a total of 28 bids were received against 15 coal mines, where 2 or more bids have been received for 8 coal mines.
WEBJan 2, 2013 · The 17 blocks are part of 54 coal blocks with estimated reserves billion mt that the government has said previously it is planning tooffer in the first phase of the auction process. Sapna Dogra, newsdesk by Deepa Vijiyasingam, deepa_vijiyasingam Similar stories appear in International .
WEBMar 4, 2015 · THE first round of the auction of mining rights in 18 coal blocks to user firms in the private sector in the power, steel and cement industries has been completed. If the figures being circulated of the revenues or benefits that would accrue to different sections as a result are true, the process has been remarkably successful.
WEBUnderstanding the Auction Process As per the latest guidelines, the coal block auctioning process would be conducted electronically with the launch of a portal, in accordance with the Ordinance Rules. In the first lot, the government has offered 101 coal blocks for auction/allotment.
WEBJan 30, 2023 · The Ministry of Coal has received unprecedented response to the coal block auctions under sixth round and second attempt of fifth round of commercial coal block auctions that was launched on November 3 rd, last date for submission of technical bids was January 30 th, total of 99 bids for 36 coal mines have been .
WEBJul 6, 2020 · India imports around 240 million tonnes (mt) of coal a year valued at about ₹ lakh crore. The 41 mines opened for auction now can hit a peak production of 225 mt in 202526, saving foreign exchange. A High Powered Expert Committee (2017) recommended a shift from the alloion of coal blocks for own consumption to .
WEBJan 12, 2024 · The block boundaries of some of the coal mines where there was presence of dense habitation, high green cover or critical infrastructure etc have been modified basis comments received during stakeholder consultations to enhance bidders' interest and participation in these coal blocks. Key features of the auction process include .
WEBNov 29, 2023 · New Delhi: The central government on Wednesday launched the auction process for 20 mineral blocks, including significant lithium reserves in Jammu Kashmir, estimated to be worth Rs 45,000 strategic move is part of India's broader goal to strengthen its critical mineral supply chain for energy transition and to achieve its net .
WEBFeb 24, 2015 · Coming to the outcome of the process so far, it is worthwhile to deliberate separately on the reverse auction and the forward auction. In the reverse auction adopted for blocks reserved for the power sector, the winning bidder is the one that bids the highest discount to the price of coal worked out on the basis of the notified price of Coal India .
WEBJul 31, 2020 · Important : First Tranche of auction for 20 Critical and Strategic mineral blocks by Govt. of India launched on 29th November,2023. Critical MineralsGOI Notice Inviting Tender Mine Block Summary Model Tender Document Corrigendum and Addendum Notifiions Response to Bidders Queries
WEBAug 4, 2023 · The Ministry of Coal has successfully completed the auction of coal mines for Commercial Mining under 7 th round and second attempt of 6 th round.. After assessment of bids, the forward eauctions for six mines had commenced from August 1, 2023 culminating in the successful auction of all six mines on 3 rd August, 2023.. The .
WEBJun 22, 2020 · Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announcements made by the Centre under the Atmanirbhar ...
WEBMar 2, 2024 · On Wednesday, the Indian government announced that 11 mineral blocks, supported by the National Mineral Exploration Trust, have been auctioned off. Additionally, six more blocks are currently in the process of being sold. The NMET, established in 2015, aims to enhance regional and detailed mineral exploration efforts in the country.
WEBJul 31, 2020 · Mineral Block Auction. Welcome to Critical Mineral Block Auction By Govt. Of India.
WEBMar 5, 2024 · To meet coal demand and to realloe these coal blocks through fair and transparent process, the Coal Mines (Special Provisions) Act, 2015 was enacted for auctioning the coal blocks to private sector and allotting the coal blocks to PSUs for specified enduse plants.
WEBIn 2020, Prime Minister Narendra Modi launched the auction process for 41 coal blocks for commercial mining, a move that aimed to boost the economy and reduce India's dependence on imported coal.
WEBFeb 20, 2024 · Tata Steel, JSW Steel among bidders for mines under coal block auction A total of 27 coal mines have been put up for auction in the ninth round of auction. A total of 33 bids were received for 13 coal mines ... In 2020, Prime Minister Narendra Modi launched the auction process for 41 coal blocks for commercial mining, a move that opened .
WEBNov 29, 2021 · Methodology for auction of coal and lignite mines / blocks for sale of coal / lignite on revenue sharing basis has been issued on Both private and government companies are eligible to participate in the auction process. Salient features of the Methodology are as under: Based on Revenue sharing mechanism. Floor .
WEBJun 18, 2020 · A major step towards making India selfreliant is independence in energy, which the Government aims to achieve with the coal block auction. India's energy demands have been rising nearly 5 per cent per annum, and with coal supporting around 54 per cent of the nation's GW installed capacity, the auction can prove to be a .
WEBNov 3, 2022 · The auction shall be held online through a transparent two stage process, on the basis of Percentage Revenue Capital Markets Limited, the sole Transaction Advisor to Ministry of Coal for the commercial coal mine auctions, had devised the methodology and is assisting the Ministry of Coal in conducting the auction .
WEBDec 26, 2014 · This portal aims to make auction process transparent, efficient. These 24 coal blocks fall under the first phase of coal block auction out of the total 92. Among the 24 mines, 7 are reserved for the power sector while 16 for iron steel sector and cement plants. While 1 mine is reserved for steel. eAuctioning process. With the launch of ...
WEBMar 8, 2021 · The MMDR Amendment Act, 2015, which came into force on 12 January 2015 has ushered in the regime of transparent and nondiscretionary grant of mineral concessions, and thereafter all the concessions of major minerals are granted through auction. Further, the eauction process for the grant of mineral blocks has laid the .
WEBDec 28, 2022 · Coal dispatch to Power Sector is MT (Provisional). the year 2022 (up to November, 22), EAuction by CIL and SCCL is MT. Production Growth: The all India coal production in the Financial Year was Million Tonne (MT) in comparison to MT in the year .
WEBThe coal alloion scam, dubbed in the media as Coalgate, is a major political scandal concerning the Indian government's alloion of the nation's coal deposits to public sector enterprise (PSEs) and private companies. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India .
WEBAug 31, 2023 · NEW DELHI: India is preparing to start the auction process for some 100 critical mineral blocks in the next four months, as part of plans to secure domestic supplies of the raw materials needed to fuel the green energy transition. The blocks are for minerals including nickel, lithium, cobalt and platinum, along with rare earths, Mines Secretary .
WEBJun 29, 2022 · The Centre had initiated the auction process for sale of 122 coal/lignite mines on March 30, 2022 and the last date of submission of technical bid was till June 27, 2022.
WEBThe Union coal ministry has withdrawn Tara coal block from commercial mining auction process which has a forest cover of 81% in the state's Hasdeo Aranya following objection by the Chhattisgarh ...
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