PIB News Update: 1 coal mine of Chhattisgarh was put up for auction on Day 7 of Commercial Coal Mine Auction.
- The total geological reserves of the mine put up for auction was ~234.205 MT with a PRC of ~1.2 MTPA.
- The e-auction witnessed strong competition amongst the bidders with the mine attracting good premium over the floor price.
The results for Day 6 are as under:
| S. No. | Name of the Mine | State | PRC (mtpa) | Geological Reserves (MT) | Closing Bid Submitted by | Floor Price (%) | Final Offer (%) | Annual Revenue Generated based on PRC of mine (Rs. Cr.) |
| 1 | Gare Palma IV/7 | Chhattisgarh | 1.20 | 234.205 | SARDA ENERGY AND MINERALS
LIMITED/64896 |
4 | 66.75 | 210.49 |
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