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The government stated that 10 companies, including Nalco, Gujarat Mineral Development Corporation, and NLC India, filed bids for coal mines for sale in the eighth round of commercial mines auction. A total of 35 coal mines were listed for auction under the eighth round, and seven bids were submitted in opposition to four coal mines. According to a statement from the coal ministry, four coal mines were auctioned during the second attempt of the seventh round, and three bids were received against three coal mines.
Other companies from which the bids were received are TANGEDCO, OCL Iron and Steel Ltd, JMS Mining Pvt Ltd, Shyam SEL & Power Ltd, SMN Tradecomm Pvt Ltd, Maa Durga Coal & Minerals Pvt Ltd, and Nilkanth Infra Mining Ltd.
"The nominated authority, Ministry of Coal, has opened bids for the 8th round and second attempt of the 7th round of commercial coal mines' auction today (Monday)," the statement said. A multidisciplinary technical evaluation committee will evaluate the bids, and technically qualified bidders will be shortlisted for the auction, which will be conducted on the MSTC portal.
Prime Minister Narendra Modi had in 2020 launched the auction of 41 coal blocks for commercial mining, a move that opened India's coal sector to private players.
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