Bhubaneswar: The process of the fourth Tranche of Auction of coal mines for sale of coal was launched by the Nominated Authority, Ministry of Coal on December 16, 2021. The last date of submission of Technical Bid was February 28, 2022. As part of the auction process, Technical Bids comprising of online and offline bid documents were opened in Delhi on Wednesday (March 02, 2022) at 10 am onwards, in the presence of the bidders.
The online bids were decrypted and opened electronically in the presence of the bidders. Subsequently, sealed envelopes containing offline bid documents were also opened in the presence of bidders. The entire process was displayed on the screen for the bidders. A total of 26 bids have been received (both online and offline) against 11 coal mines, the Coal Ministry stated.
Two or more bids have been received for 5 (five) coal mines. Mine-wise list of bids received is appended below:
A total of 21 companies have submitted their bids (both online and offline) in the auction process as per the following list:
The bids will be evaluated by a multi-disciplinary Technical Evaluation Committee and Technically Qualified Bidders would be shortlisted for participation in the electronic auction to be conducted on MSTC portal from March 24, the Ministry added.
