Day 2 of Commercial Coal Mine Auction – Euphoria Continues
Jharkhand, Madhya Pradesh, News

Day 2 of Commercial Coal Mine Auction – Euphoria Continues

Day 2 of Commercial Coal Mine Auction – Euphoria Continues

MP, Jharkhand, November 3

  • 4 coal mines (3 in Madhya Pradesh and 1 in Jharkhand) were put up for auction on Day 2 of  Commercial Coal Mine Auction.
  • The total geological reserves of the mines put up for auction are ~1085 MT with a cumulative PRC of ~9 MTPA.
  • The e-auction witnessed strong competition amongst the bidders with all mines attracting good premiums over the reserve price.

The results for Day 2 are as under:

S. No. Name of the Mine State PRC (mtpa) Geological Reserves (MT) Preferred Bidder Floor Price (%) Final Offer (%) Annual Revenue Generated based on PRC of mine (Rs. Cr.)
1 Bandha Madhya Pradesh 5.00 441.50 EMIL MINES AND MINERAL RESOURCES LIMITED/148771 4 21.00 799.82
2 Brahmadiha Jharkhand 0.15 5.00 THE ANDHRA PRADESH MINERAL DEVELOPMENT CORPORATION LTD/75892 4 41.75 114.81
3 Dhirauli Madhya Pradesh 3.00 586.39 STRATATECH MINERAL RESOURCES PRIVATE LIMITED/147828 4 12.50 398.27
4 Sahapur West Madhya Pradesh 0.60 52.68 SARDA ENERGY AND MINERALS

LIMITED/64896

4 26.00 103.83

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