The online bids were decrypted and opened electronically in the
presence of the bidders on February 20
The
maximum bids were placed by Rungta Sons, at five, followed by four bids each by
JSW Steel and JK Cement
Tata Steel, JSW Steel, JK Cement and Rungta Sons were among the 27
companies that have submitted their bids in the recent rounds of commercial
mines auction, the Ministry of Coal said on February 20.
The bids
were placed on December 20, 2023, when the ninth round and the second attempt
of the seventh round of commercial coal mines’ auction was held.
The online
bids were decrypted and opened electronically in the presence of the bidders on
February 20, the ministry said. Subsequently, sealed envelopes containing
offline bid documents were also opened in the presence of bidders, it added.
"Under the ninth round, a total of 27 coal mines were put up for auction and 33 bids were received against 13 coal mines. Under the second attempt of the seventh round, a total of 5 coal mines were put up for auction and 7 bids received against 3 coal mines," an official release said.