TIOLCorplaws- Tiol Corplaws

BEE showcases Electric Cooking Solutions for transition from LPG to Electricity (See 'Corp Brief')

Dryland Congress 2026: Breeding, Climate Resilience and Nutrition take Centre Stage on Day One (See 'Corp Brief')

MoS inaugurates Technology Centre at Devanahalli, Bengaluru (See 'Corp Brief')

SARFAESI - Section 14(2) enables secured creditor to seek compliance with possession order - writ remedy not maintainable where this option is not exhausted first: HC (See 'Legal Desk')

ASEAN and India advance cooperation on Climate-Resilient Agriculture & Digital Innovation (See 'Corp Brief')

Bihar and West Bengal to inaugurate Labour Chowk-cum-Facilitation Centres (See 'Corp Brief')

Digital India BHASHINI advances Multilingual AI for Inclusive Digital Governance (See 'Corp Brief')

India must leverage Latest Technologies for Forest Assessment: Yadav (See 'Corp Brief')

FEMA - Penalty cannot be imposed on company for delayed submission of Form FC-GPR where delay is entirely attributable to negligence & admitted administrative failure of its authorised dealer bank in transmitting timely submitted documents to RBI: SAFEMA (See 'Legal Desk')

MoS lays bricks for BEDF Basmati and Organic Training Centre in Pilibhit (See 'Corp Brief')

DRI seizes 740 kg cannabis and charas in operations across country (See 'Corp Brief')

MoS launches India's Advanced Ocean Research Vessel 'ORV Sagar Manthan' (See 'Corp Brief')

Companies Act - Issuance of order by a central authority stationed in New Delhi does not, per se, confer territorial jurisdiction or constitute a substantial part of cause of action when underlying subject matter has its closest nexus with another jurisdiction: HC (See 'Legal Desk')

MC²+ to launch dedicated Co-working Space and Innovation Node at NRL Centre (See 'Corp Brief')

New guidelines mandate minimum 80% plantation coverage and 90% survival rate along NHs (See 'Corp Brief')

Freedom of navigation are pivotal for collective prosperity of Indian Ocean Region: RM (See 'Corp Brief')

Trade Marks - Order rejecting registration of trade marks is invalid where no reasoning whatsoever is given, thereby showing complete non-application of mind: HC (See 'Legal Desk')

MoS says literacy and education must be reimagined as instruments of empowerment (See 'Corp Brief')

Workshop on Data Harmonisation for Data Driven Governance held (See 'Corp Brief')

DAHD strengthens Surveillance, Vaccination and Disease-Control Measures (See 'Corp Brief')

PM-SETU strengthens Industry-Led ITI Transformation (See 'Corp Brief')

Competition Act - Allegations of anti-competitive agreements and abuse of dominant position cannot be sustained on basis of information which is generic, speculative, lacking in foundational facts & not backed by cogent evidence: CCI (See 'Legal Desk')

DFPD and FCI sign MoU for to Strengthen Efficiency in Foodgrain Management (See 'Corp Brief')

STPI Organises Electropreneur Summit 2026 at IIIT-Delhi (See 'Corp Brief')

India-Japan Joint Working Group Meeting on Forests held at Bengaluru (See 'Corp Brief')

AI keeps an Eye on 'Cattle of the Hills' (See 'Corp Brief')

IBC - Act of IRP in releasing direct payments to an un-engaged secondary advocate without a formal direct engagement letter, independent invoices in payee's name, violates professional standards & regulatory requirements under IBC Code of Conduct, irrespective of subsequent ratification by CoC: IBBI (See 'Legal Desk')

Next-Gen Aquaculture in India: Harnessing RAS and Bio-floc Technology in Blue Economy (See 'Corp Brief')

Fighting Air Pollution is continuous Programme: EFCC Secretary (See 'Corp Brief')

From Struggles to Success: KVIC is Inspiring Entrepreneurial Journeys (See 'Corp Brief')

NI Act is not primarily punitive rather is compensatory in nature, with focus on recovery of amount in question: HC (See 'Legal Desk')

India should target 10 Million Medical Value Tourists Annually: Goyal (See 'Corp Brief')

CIL's daily Average Production Rises 35% (See 'Corp Brief')

e-FAST India launches PACT to support accelerated zero-emission freight deployment in India (See 'Corp Brief')

Chouhan reviews action plan for strengthening KVKs through greater State participation (See 'Corp Brief')

CPC - leave granted u/s Clause XII of the Letters Patent confers jurisdiction exclusively on High Court & does not bind or preserve the territorial jurisdiction of a subordinate civil court upon transfer: HC (See 'Legal Desk')

Minister says early industry participation can make technologies market-ready (See 'Corp Brief')

Dynamic Local Level Planning imperative for documenting Local Biodiversity: Yadav (See 'Corp Brief')

National Zoological Park Organises Sunday Bird, Butterfly and Dragonfly Walks to Promote Science (See 'Corp Brief')

SEBI - Writ court's intervention is required in a private contractual dispute between petitioner & broker where any contractual or statutory remedies available under SEBI Act is not invoked: HC (See 'Legal Desk')

1st Batch of Corporate Mitra Course Commences with 2879 Learners registered (See 'Corp Brief')

SAIL posts strong sales and production growth in August 2026 (See 'Corp Brief')

SEBI - Any notice or assessment order is invalid where passed in respect of an entity that has been struck off Register of Companies & has since been dissolved: SEBI (See 'Legal Desk')

MoS felicitates 'Team India School Children' for Historic Best-Ever Performance (See 'Corp Brief')

Coal India Output and Dispatch Set to Accelerate as Monsoon Effect Wanes (See 'Corp Brief')

Wow! 7.8% growth but it also does not reveal many things! (See CORP EINSICHT)

Print

9 Mines successfully auctioned in 10th Round

Published: Nov 28, 2024

By TIOLCorplaws News Service

NEW DELHI, NOV 28, 2024: THE Ministry of Coal launched the 10th round of coal mine auctions for commercial mining on June 21, 2024. In the forward auctions, a total of nine coal mines were successfully auctioned, comprising three fully explored mines and six partially explored coal mines. These nine mines hold a combined geological reserve of approximately 3,998.73 million tonnes. The cumulative Peak Rated Capacity (PRC) of these mines stands at 14.10 MTPA, excluding partially explored coal mines.

The mine-wise result for auctions held is as under:

S. No.	Name of the Mine	State	PRC (mtpa)	Geological Reserves (MT)	Closing Bid Submitted by	Reserve Price (%)	Final Offer (%)	Coking/Non-Coking
1	Bundu	Jharkhand	1.00	102.268	S M Steels and Powver Limited	4.00	16.75	Non-Coking
2	Gare Palma IV/5	Chhattisgarh	1.10	77.990	Sarda Energy and Minerals Limited	4.00	25.75	Non-Coking
3	Kerendari-BC North	Jharkhand	NA	600.000	Orissa Alloy Steel Private Limited	4.00	23.25	Non-Coking
4	Marwatola South	Madhya Pradesh	NA	126.300	Mineware Advisors Private Limited	4.00	22.25	Non-Coking
5	New Patrapara South	Odisha	12.00	720.870	NLC India Limited	4.00	5.50	Non-Coking
6	Sarai East (South)	Madhya Pradesh	NA	128.600	ACC Limited	4.00	5.50	Non-Coking
7	Ulia Gamhardih	Chhattisgarh	NA	587.700	S M Steels and Powver Limited	4.00	42.50	Non-Coking
8	Gawa (East)	Jharkhand	NA	55.000	Shreeji Nuravi Coal Mining and Trading Private Limited	4.00	7.00	Non-Coking
9	Bartap(Revised)	Odisha	NA	1,600.000	JSW Energy Utkal Limited	4.00	8.50	Non-Coking

The auctions witnessed intense competition, achieving an average revenue share of 17.44%. This reflects the sustained interest of industries in the coal sector and the Ministry's efforts to provide a stable and transparent policy framework. These mines are expected to generate an annual revenue of ~Rs.1,446 crore (excluding partially explored mines), likely to attract a capital investment of around Rs.2,115 crore, and create 19,063 employment opportunities.

Since the inception of commercial coal mining in 2020, a total of 113 coal mines have been auctioned successfully, with a production capacity of 257.60 Million Tonnes per year. Upon operationalization, these mines will immensely contribute to enhance domestic coal production and in making country self-reliant in coal sector. Collectively, these mines are expected to generate annual revenue of Rs 35,437 crores, capital investment of Rs 38,641 Crores and provide employment for 3,48,268 people in coal-bearing regions.

These strategic initiatives of the Ministry of Coal reaffirm the Ministry's dedication to transforming the coal sector into a key driver of economic growth. These initiatives not only address the nation's energy demands but also foster economic stability and create employment opportunities, contributing to the vision of an 'Atmanirbhar Bharat.

TIOL CORP SEARCH

TIOL GROUP WEBSITES