EMIL Mines and Mineral Resources won the Banda Block in Madhya Pradesh, for which Adani Enterprises and Aurobindo Realty and Infrastructure also bid.
NEW DELHI (Natural Energy News): On Tuesday, the second day of the auction of coal blocks for commercial mining, Sarha Energy and Minerals in Madhya Pradesh saw the Sahpur West mine, while Andhra Pradesh Mineral Development Corporation bid the highest for the Brahmadi mine in Jharkhand.
EMIL Mines and Mineral Resources won the Bandra block in Madhya Pradesh, for which Adani Enterprises and Aurobindo Realty and Infrastructure also bid.
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The Ministry of Coal said in a statement, Stratatech Mineral Resources bid the highest for Dhiroli block of Madhya Pradesh.
Hindalco Industries was also dying for the Dhirauli block.
Apart from Sarda Energy and Minerals, Chougule & Co, Cupram Bagrodia Limited and JMS Mining Sahpur were dying for the West Block.
For the Brahmadih coal block, companies such as Alankratradelink and Bhupathi Mining were also in the fray.
Andhra Pradesh Mineral Development Corporation (APMDC) proposed the biggest bid in 41.75 per cent earnings coalition for Brahmadih block, while SEML's (Sarada Energy and Minerals Limited) last proposal for Shahpur West mine was in 26 percent revenue coalition.
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The highest bid for Banda block was at 21 per cent revenue sharing.
The coal ministry said the auction saw strong competition among bidders during which all mines received an honest premium over the reserve price.
The entire geological resources of the mines put up for auction are 1,085 million tonnes, with an incremental peak rated capacity (PRC) of 9 million tonnes every year.
"Four coalpit s (three in Madhya Pradesh and one in Jharkhand) were put up for auction on the day of the auction of the commercial coalpit ," the ministry said.
The auction of coal blocks for commercial mining that began on Monday saw Vedanta bid the highest for a mine in Odisha, while Hindalco bid the highest for a block in Jharkhand.
Vedanta bid the highest for a 21 percent revenue sharing for the Radhikapur West mine.
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Hindalco Industries bid the highest revenue share of 14.25 per cent for the Chakla coal mine in Jharkhand.
Concerning the Markimangli II mine in Maharashtra, Yazdani International is that the largest with 30.75 percent revenue.
JMS Mining Private Limited bid the highest for the Uratan mine in Madhya Pradesh with a revenue share of 10.50 per cent.
For the Takli Jena Belora North and Takli Jena Belora South blocks in Maharashtra, Aurobindo Realty and Infrastructure Limited bid the absolute best of distribution of 30.75 percent.
In June, Prime Minister Narendra Modi launched the auction process for 41 coal blocks for commercial mining, a move that exposes the coal sector to non-public players, and termed it a major step towards achieving India's self-reliance.
The coal ministry had subsequently revised the auction list of mines.
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