The third tranche of coal mine auctions have received bids for several mines which were offered in earlier rounds but failed to find bidders, the government said on Monday. Out of 10 mines which were put on the block this time, 6 were mines which had been offered earlier but did not attract enough bidders.
Mines like Parbatpur Central which could not be sold earlier have received bids from Industry majors like JSW Steel and SAIL, the government said. Lloyd Steel and Topworth Urja amongst others have bid for Marki-Mangli-I. Jamkhani, which was withdrawn from the auction last time, has received the highest number of bids at 6.
Big private sector players like JSW, Hindalco. Jindal Iron and Steel, BALCO, Bhushan Power and Steel, ACC and Vedanta apart from SAIL and RINL are in the fray.
Tender process for tranche III of auction for ten coal mines comprising of two Schedule II and eight Schedule III coal mines started on Jun. 8, 2015 with the release of tender documents.