TFP Bureau, New Delhi; July 5, 2024: The Ministry of Coal conducted a pre-bid meeting for the 10th round of commercial coal mine auctions, chaired by Additional Secretary and Nominated Authority Shri M Nagaraju. Launched on June 21, 2024, this round offers 67 coal mines for auction.
A comprehensive presentation on the auction process was delivered by the Transaction Advisor, SBI Capital Markets Limited, while the technical aspects of the coal mines were covered by CMPDIL, the technical advisor. More than 100 industry representatives participated virtually.
The Ministry addressed various bidder queries regarding general terms and conditions, such as bid security, upfront amounts, rebates, and technical questions related to borehole density, Peak Rated Capacity, and other technical challenges. Bidders were encouraged to submit their questions to the Office of the Nominated Authority, which assured maximum support to enhance participation in the auction process. The bid due date for this tranche is set for August 27, 2024.
