Speed Post News Network
New Delhi : The auction process of 67 coal mines for sale of coal was launched by the Nominated Authority, Ministry of Coal, on March 25, 2021. The last date of submission of Technical Bid was July 8, 2021. As part of the auction process, Technical Bids comprising online and offline bid documents were opened on July 9, 2021, 10 am onwards in New Delhi 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. Entire process was displayed on the screen for the bidders. A total of 34 bids have been received for 19 coal mines of which 10 are fully explored mines and 9 are partially explored mines. Four of these mines are coking coal mines and the remaining 15 mines are non-coking coal mines. Two or more bids have been received for 8 coal mines, according to a PIB release. A total of 20 companies have submitted their bids in the auction process.
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.