Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The coal ministry has announced that it had received forty offers for the coal mines up for sale in the ninth round of the commercial auction through offline bidding. In December of last year, the government held its ninth round of auctions for commercial mines.
"The Ministry of Coal has received an overwhelming response for the coal mines offered under the ninth round of commercial coal mine auctions. A total of 40 bids have been received in offline form," an official statement said.
The ninth tranche of the auction was launched for 32 coal mines. The last date for submission of bids was February 19, 2024.
The online bids received as part of the auction process along with the offline bids will be opened today in the presence of bidders.
In 2020, Prime Minister Narendra Modi launched the auction process for 41 coal blocks for commercial mining, a move that opened India's coal sector for private players.
Also Read : Steel Minister proposes steel research centre in Bengaluru Tata Steel Targets UK Unit Profitability in FY26 with Green Steel Strategy
The PM Gati Shakti National Master Plan (NMP), a national master plan for multi-modal connectivity t...
Construction 17-Jun-2024
The debt-ridden Rashtriya Ispat Nigam Ltd. forged wheel plant in Rae Bareilly, Uttar Pradesh, has be...
Mid Corporate 24-Apr-2024
According to the data released by the World Steel Association (WORLDSTEEL), the production of direct...
Ferrous 24-May-2024
China plans to reduce its reliance on imported iron ore. Domestic mining companies intend to expand...
Ferrous 21-May-2024
Vietnam has announced temporary anti-dumping duties ranging from 19.38% to 27.83% on specific hot-ro...
China 24-Feb-2025
Inox Wind Ltd, a firm well-known for producing wind turbines, disclosed in its report that it has fo...
Large Corporate 10-Jun-2024