PIB News Update:
- 2 coal mines (1 in Odisha and 1 in Jharkhand) were put up for auction on Day 5 of Commercial Coal Mine Auction.
- The total geological reserves of the mines put up for auction are ~755.63 MT with a cumulative PRC of ~15 MTPA.
- The e-auction witnessed strong competition amongst the bidders with both the mines attracting good premiums over the floor price.
The results for Day 5 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 | Radhikapur (East) | Odisha | 5.00 | 176.33 | EMIL Mines and Mineral Resources Limited/148771 | 4 | 16.75 | 466.58 |
| 2 | Urma Paharitola | Jharkhand | 10.00 | 579.30 | AUROBINDO REALITY AND INFRASTRUCTURE PRIVATE
LIMITED/146875 |
4 | 26.50 | 1415.85 |