Govt organises pre-bid meeting for auction of 11 coal mines

14 Oct 2021 CW Team

On Monday, the Ministry of Coal held a pre-bid meeting for prospective bidders to sell 11 coal mines.

The ministry had also launched the second attempt of the bid for 11 coal mines, earmarked for the sale of coal in September.

Single bids were fetched from the first attempt of the bidding launched on 25th March 2021.

According to the Ministry of Coal, the presentations were prepared based on the terms and conditions of the bidding, technical details of the mines, National Coal Index by the State Bank of India (SBI) Capital Markets Limited, Central Mine Planning and Design Institute (CMPDI) and Deputy Director-General, respectively.

The bidding process will take place online through a transparent two stages process based on percentage revenue share.

The main features of the bidding are the introduction of the National Coal Index, easy participation without restrictions for earlier coal mines experience, flexibility in coal utilisation, optimising payment modes, efficient promotions via incentives for early production and using clean coal technology.

Also read: Govt launches second attempt of commercial coal mine auction

Also read: 15 CBM blocks on offer in the first bidding round in over a decade

Technology

14 May 2025

HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport

The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..

Real Estate

14 May 2025

Brigade acquires Velachery land for Rs 16-billion project

Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..

Equipment

14 May 2025

Liebherr marks 10,000th XPower wheel loader milestone

Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..