JSW Metal, JSPL, BALCO Amongst Bidders For 11 Coal Mines

JSW Metal, JSPL and BALCO have been amongst main corporations which put of their bids for coal mines

New Delhi:

JSW Metal, Jindal Metal & Energy Restricted (JSPL) and Bharat Aluminium Firm Restricted (BALCO) have been among the many main corporations which put of their bids for 11 coal mines on Wednesday.

In all, 21 entities entered their bids within the newest public sale of coal mines. A complete of 26 bids have been acquired for the public sale of coal mines beneath the fourth tranche of sale of coal, the coal ministry mentioned in an announcement.

5 of the 11 coal mines placed on public sale acquired single bids.

The Gare Palma IV/6 mine in Chhattisgarh acquired a most of eight bids.

The mine was initially allotted collectively to JSPL and Malwa Sponge Iron Ltd in January 2006 to fulfill the coal requirement of their respective sponge iron vegetation in close by Raigarh and Taraimal districts, respectively. Nonetheless, the allocations, together with others, have been cancelled by the Supreme Courtroom 2014.

Utkal B1 & B2 mines in Odisha acquired six bids, whereas Chinora in Maharashtra acquired 4 and three bids got here in for Rabodih OCP in Jharkhand.

“The method of 4th tranche of the public sale of coal mines on the market of coal was launched on December 16, 2021. The final date of submission of the technical bid was February 28, 2022,” the assertion mentioned, including the bids have been opened on Wednesday.

It mentioned a complete of 26 bids have been acquired in opposition to 11 coal mines.

“Two or extra bids have been acquired for 5 coal mines. JSW Metal, JSPL, Shyman Metalics & Power Restricted, Mahanadi Mines and Minerals Non-public Restricted and Sarda Mines Non-public Restricted bid for 2 mines every, whereas BALCO, BS Ispat, Sarda Power & Mineral Restricted and Rungta Sons Non-public Restricted have been among the many corporations that put in single bids,” the assertion mentioned.

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