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Third round of coal auction takes off!

New Delhi, 11 August: Before the auction began, Coal Secretary Anil Swarup tweeted: "Auction of Bhaskarpara and Marki Mangli 1 coal blocks to commence from 1100 hours on Tuesday." 

As the third round of auction took off today, companies like Jindal Steel and Power and Godawari Natural Resources queuing up for the two mines on offer on Day 1. 

While extractable reserves of Marki Mangli-I mine are 9.96 million tonnes (MT), the figure for Bhaskarpara is 24.06 MT. 

For tomorrow Chitarpur mine in Jharkhand will be on the block and for Thursday Parbatpur Central mine in Jharkhand and Majra in Maharashtra. 

The schedule for the auction of Jamkhani coal mine in Odisha will be announced at a later date due to a court case. 

JSPL, Crest Steel and Power Pvt, Godawari Natural Resources, Grace Industries, Lloyds Metals  and Energy and Topworth Urja & Metals became eligible to bid for these two blocks Bhaskarpara in Chhattisgarh and Marki Mangli-I in Maharashtra, after clearing the technical bidding stage. 

22 applications from companies, including Hindalco  , Vedanta  , JSW Steel and SAIL, had cleared the initial stage last week. The government had earlier said it will auction 10 coal mines for steel, cement as well as captive power plants. 

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