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Regular-article-logo Monday, 23 December 2024

Global mining giants shun first commercial coal mine bidding in India

Forty-two firms, including Vedanta, JSPL, Hindalco Industries, JSW Steel and Nalco, bid for 23 coal blocks

Our Special Correspondent New Delhi Published 01.10.20, 04:58 AM
Coal loading process at a coal mining project in Bengal's Bilpahari.

Coal loading process at a coal mining project in Bengal's Bilpahari. Shutterstock

Global mining giants have shun the first commercial coal mine bidding in the country. Fifteen out of 38 mines did not receive any bids. Gautam Adani-controlled Adani Enterprises placed seven bids, while group firm Adani Power Resources placed a bid for one mine.

Forty-two firms, including Vedanta, JSPL, Hindalco Industries, JSW Steel and Nalco, bid for 23 coal blocks.

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The government has put up 38 coal blocks for commercial mining. The ministry said two or more bids have been received for 19 coal mines.

The highest number of bids (seven) were submitted by Adani Enterprises; followed by Hindalco Industries and JMS Mining (five each); and the Andhra Pradesh Mineral Development Corporation, Aurobindo Reality and Infrastructure, and EMIL Mines and Minerals Resources (four bids each).

Vedanta submitted three bids, Jindal Steel and Power Ltd (JSPL) submitted two, JSW Steel and Nalco one each, among others.

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