TIOLCorplaws- Tiol Corplaws

Dasheri, Chausa, Langra and Kesar showcase Rich Diversity of Indian Mangoes (See 'Corp Brief')

Ease of Doing Business: Irritants eased out of FSSAI Licensing Regulations (See 'Corp Brief')

AI, Nuclear, Space, Quantum tech to determine contours of future growth: MoS (See 'Corp Brief')

NBA releases SOP for Scientific Identification of Threatened Species by States and UTs (See 'Corp Brief')

Over 1.31 Crore Citizens Join 'Nasha Mukt Bharat Saptah' 2026 (See 'Corp Brief')

MSP Procurement extended till July 8; 6.18 Lakh PMAY-G houses cleared for UP (See 'Corp Brief')

ICAR and APEDA Sea Protocol cuts Mango Export Cost (See 'Corp Brief')

APEDA facilitates First Shipment of Premium Banganapalle Mangoes to Singapore (See 'Corp Brief')

Cooperative banks must adopt modern tech platforms to remain relevant: Secy (See 'Corp Brief')

APEDA facilitates First Biscuit Export Shipment from Varanasi to Oman (See 'Corp Brief')

FEMA - Statutory protection under Section 6(4) cannot be invoked to legitimise unexplained or inadequately accounted foreign exchange transactions: SAFEMA (See 'Legal Desk')

Vande Mataram Camp commences at Brainware University, West Bengal (See 'Corp Brief')

Digitalization no longer a Choice, but Steel Sector's Survival Strategy: Kumaraswamy (See 'Corp Brief')

IP 2026 establishes Standards for Blood and Blood Components (See 'Corp Brief')

Ministry of Coal organises BRICS Side Event on Clean Coal Technologies (See 'Corp Brief')

SEBI - Failure to file Quarterly Activity Reports for multiple consecutive quarters constitutes violation of regulatory framework & attracts consequences prescribed under Regulation 35 of AIF Regulations, 2012: SEBI (See 'Legal Desk')

100 Startups from 22 States complete Export-Focused Acceleration Programme (See 'Corp Brief')

MoS pitches 'BRICS Space Economy' (See 'Corp Brief')

IPC successfully conducts Training on Ethylene Glycol & DEG in Preparations by Gas Chromatography (See 'Corp Brief')

Unlocking Potential of Idle Financial Assets in India (See 'Corp Brief')

SARFAESI - In absence of any adjudication by the DRT in determining the debt, statutory scheme permits reliance upon claim made by secured creditor for purpose of fixing pre-deposit: HC (See 'Legal Desk')

CCI okays acquisition of shares in Nxtra Data by Alpha Wave Ventures (See 'Corp Brief')

CCI okays acquisition of 21% voting interest in Astemo Ltd. by Honda Motor (See 'Corp Brief')

FEMA - Claims & liabilities pertaining to periods prior to approval of resolution plan, which do not survive under approved plan, are extinguished & cannot be enforced: SAFEMA (See 'Legal Desk')

Special Drive launched for expeditious Disposal of Long-Pending Labour Cases (See 'Corp Brief')

Amit Shah to launch NAFED's auction portal 'NAFEX.in' (See 'Corp Brief')

SEBI - A judicial pronouncement cannot ordinarily be modified or reviewed through post-disposal miscellaneous application; Tribunal becomes functus officio upon disposal of appeal: SAT (See 'Legal Desk')

Railways approves Kavach Deployment Worth Rs.270 Crore on East Coast (See 'Corp Brief')

DIBD and AISF sign MoU to promote Language Technology and Multilingual Innovation in Assam (See 'Corp Brief')

IPR - Injunction allowed as defendant's adoption of marks is not honest or bona fide; marks are deceptively similar to plaintiff's registered trademark, such that an average consumer with imperfect recollection would likely be confused: HC (See 'Legal Desk')

NMDC accelerates Digitalisation and Sustainable Mining to support 100 MTPA Vision (See 'Corp Brief')

Union Minister sanctions over 42,000 houses in MP; 38,000 families perform grih pravesh (See 'Corp Brief')

A&C - Where a Section 34 court has already examined the award, a possible alternative interpretation of the contractual clause is insufficient to justify interference: HC (See 'Legal Desk')

Tech Innovation and disruption in Construction Industry (See 'CORP EINSICHT')

Union Minister reviews Power Sector and Urban Development Schemes with Jharkhand Govt (See 'Corp Brief')

APEDA facilitates First Export of fresh Uttarakhand Litchi to Italy (See 'Corp Brief')

Trade Marks - Quasi-judicial authority cannot validly base its decision on grounds that were not specifically disclosed in SCN, thereby depriving noticee of an effective opportunity to respond: HC (See 'Legal Desk')

Nadda calls for Push towards a TB-Free India (See 'Corp Brief')

India must take control of security-related necessities to remain future-ready: RM (See 'Corp Brief')

A&C - Financial hardship cannot justify payment of disputed amount linked to fulfilment of deliverable-based obligations: HC (See 'Legal Desk')

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