Vedanta Wins Auction For Coal Mine In Odisha’s Jharsuguda

Bhubaneswar: Vedanta Limited has successfully bid for the Kuraloi (A) north coal mine in Odisha’s Jharsuguda district during the second attempt of auction of blocks for commercial mining.

With this, 20 coal mines out of total 38 have been successfully auctioned in the first tranche of auction for commercial mining, according to the Coal Ministry.

In the first auction attempt under 11th tranche of auction under the CM (S) Act 2015 and under first tranche of auction under the MMDR Act 1957, out of the 38 coal mines, 19 were successfully auctioned.

Out of the remaining mines, four coal mines that had fetched single bid in the first attempt were put up for re-auction in a second attempt by the Coal Ministry.

“Of these four mines under second attempt of auction, one mine Kuraloi (A) North had received a bid and has now been successfully auctioned with Vedanta being the successful bidder,” news agency PTI reported quoting a Coal Ministry statement.

Kuraloi (A) North with a peak rated capacity of eight million tonnes per annum (MTPA) is the largest mine in terms of PRC of all the mines successfully auctioned in the first tranche.

The mine is expected to generate an annual revenue of ₹763 crore and also provide employment to over 10,000 people.

Meanwhile, the Ministry of Coal today issued a notice regarding revision in the timeline of the auction.

The bid due date has been extended to Thursday, July 08. The revised timeline shall be uploaded on the MSTC website, said an official statement.