NEW DELHI: Sahapur (East) coal mine in Madhya Pradesh and Rajhara North (Central and Eastern) coal mine in Jharkhand will be put on auction today for commercial mining.
While Adani Enterprise Ltd, Fairmine Carbons Pvt Ltd, Nilkanth Coal Mining Pvt Ltd and Saraf Trading Co. Pvt Ltd have qualified to bid for the Rajhara North (Central and Eastern) coal mine; Aurobindo Reality and Infrastructure Pvt Ltd, JMS Mining Pvt Ltd, Chowgule and Company Pvt Ltd and Sarda Energy and Minerals Ltd have qualified to bid for Sahapur (East) coal mine.
This two-stage auction process follows a decision taken by the Cabinet Committee on Economic Affairs in May to award coal and lignite blocks on a revenue-sharing basis. A bidder has to bid for the percentage revenue share over the reserve price.
