India Development News & Foreign Investment Opportunities

Auctioning process of 42 coal mines begins

Bid closes 19 September 2019

0

Bid closes 19 September 2019

 

Ministry of Coal

Ministry of Coal has started the process of auctioning 27 coal mines and allotment of 15 coal mines to Central Public Sector Units (PSUs) and State PSUs.

It is auctioning 21 coal mines for ‘End Use Non Regulated Sector’ and 6 coking coal mines for End Use Iron and Steel mills, said the Coal Ministry on 5 Aug 2019.

Five mines are for power sector, nine for sale of coal and one for Iron and Steel sector.

At Peak Rated Capacity (PRC), these 42 coal mines will produce approximately 70 MTPA.

Notice Inviting Tender and Notice Inviting Application have been published in the newspaper on 3-4 August 2019.

The electronic bidding will be conducted on Metal Scrap Trading Corporation (MSTC) platform.

The last date of registration of bidder and sale of tender document is 13 September 2019 and bid due date is 19 September 2019.

The electronic bidding will be conducted on MSTC Platform from 10 October 2019 to 8 November 2019.

Details are available on the website of Ministry of Coal https://www.coal.nic.in/. fiinews.com

Leave A Reply

Your email address will not be published.