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Three Coal Mines Auctioned on Day two of 7th Round Commercial Auction:Meenakshi West mine Odisha taken by Hindalco Industries Limited

in Business August 2, 2023 Comments Off on Three Coal Mines Auctioned on Day two of 7th Round Commercial Auction:Meenakshi West mine Odisha taken by Hindalco Industries Limited 266 Views

Newdelhi:2/8/23:The Ministry of Coal had launched the auction of coal mines for commercial mining under 7th round and second attempt of 6th round on March 29, 2023. After evaluation of bids, forward e-auctions for six mines were commenced from 01.08.2023.

On the second day, three coal mines were put up for auction of which one mine was CMSP coal mine and two mines were MMDR coal mines. The details of the coal mines are as under: –

  • One mine is fully explored and the other two are partially explored mines.
  • The total geological reserves for three  coal mines comes to  1,499.40 Million Tonnes (MT)
  • Cumulative peak rate capacity PRC for these coal mines is 4.00 MTPA.

The results for Day two are as under:

S. No. Name of the Mine State PRC (mtpa) Geological Reserves (MT) Closing Bid Submitted by Reserve Price (%) Final Offer (%)
1 Meenakshi West Odisha NA 950.00 Hindalco Industries Limited 4.00 33.75
2 North Dhadu (Eastern Part) Jharkhand 4.00 439.00 NTPC Mining Limited 4.00 6.00
3 Pathora East Madhya Pradesh NA 110.40 Shri Bajrang Power and Ispat Limited 4.00 43.75

Upon operationalization, these coal mines  will generate Annual Revenue of ~Rs. 450 crores calculated at PRC of these coal mines (excluding Partially Explored coal mines). These mines will attract capital investment of ~Rs. 600 crores and will provide employment to ~5,408 people.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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