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