On 11 Aug’15, the Indian Coal Ministry has started third round of block auction with two blocks reserved for non-regulated sectors located at Chhattisgarh and Maharashtra.
Taking coal block auction to the next phase, the Indian Government started third round of block auction with 10 leftover (Schedule II & Schedule III) coal blocks yesterday. On the first day the government had put Bhaskarpara and Marki Mangli l blocks in Chhattisgarh and Maharashtra respectively.
MSTC conducted the auction on behalf of Coal Ministry; the first day of auction witnessed strong competition among the industry majors such as JSPL, Godawari Natural Resources, Lloyds Metals and Energy and Topworth Urja & Metals, Crest Steel and Power etc.
While block Marki Mangli-I with extractable reserves 9.96 MnT in Maharashtra was won by Topworth Urja and Metals with the winning bid of INR 715/MT, another block Bhaskarpara with extractable reserves of 24.06 MnT was sold to Crest Steel & Power at INR 755/MT in forward auction.
Third Round Auction Sold Blocks
| Mine | Erstwhile holder | Ext Res | Won | Win Price |
| Marki Mangli I (Mh) | B.S Ispat | 9.96 | Topworth Urja & Metals | 715 |
| Bhaskarpara (CG) | Electrotherm/Grasim Ind | 24.06 | Crest Steel and Power | 755 |
Source: SteelMint
Quantity in MnT
Prices in INR/MT
On 2nd day of auction the government has put Chitarpur in Jharkhand while Parbatpur Central mine in Jharkhand and Majra in Maharashtra marked for Thursday.
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