Ministry of Mines briefs tender e-auction of critical and strategical mines blocks
The second round of e-auction was scheduled for 6 blocks vide notification dated 13 March 2024.
The government of India under the supervision of the Ministry of Mines had issued the Notice Inviting Tender on 29 November 2023 under Tranche I of e-auction by the Central Government, 20 blocks of Critical & Strategic Minerals notified in Part D of the First Schedule of MMDR Act.
A total of 56 physical bids and 56 online bids were received for 18 blocks out of 20 blocks. Further, the e-auction process for 13 mineral blocks was annulled vide notification dated 13 March 2024, wherein no bids were received for 2 blocks and less than 3 Technically Qualified Bidders (TQB) were there for 11 blocks.
Read Also : SECL Director (Personnel) reviewed production at Korba area
Further, the second round of e-auction was scheduled for 6 blocks vide notification dated 13 March 2024.
Out of the 11 blocks annulled, 7 blocks have been notified for e-auction under tranche III vide Notice Inviting Tender dated 14 March 2024. The last date for the sale of the Tender Document is 16 May 2024 on or before 17:00 hours (IST) and the last date for submission of the bid is 21 May 2024 on or before 17:00 hours (IST) for the third tranche of auction.
Read Also : 86% of Executives have already deployed AI to enhance revenue, reveals TCS Global AI StudyAnother e-auction process under tranche II for 18 blocks is also ongoing. The last date for the sale of the Tender Document is 10 May 2024 on or before 17:00 hours (IST) and the last date for submission of the bid is 15 May 2024 on or before 17:00 hours (IST) for the second tranche of auction.
Read Also : MSME Growth Conclave organised by MSME Development Forum WBNews Must Read
- PFC Q4 results, PAT jumps 20% YoY to Rs 5,624 cr
- CBI arrests Addl. General Manager of MIDHANI, Hyderabad in Bribery Case
- DHFL Scam: India's Biggest Banking Scam
- CONCOR CMD Interacts with Cold Chain Logistics industry leaders based in Japan
- Harsh Baweja takes charge as Director (Finance), REC Limited
- Cochin Shipyard Limited secured a Large order from a European Client
- Karur Vysya Bank announces Q4 Results: Registers 45% Growth in Net Profit
- PSU stocks on way to announce IPO for their green energy segment
- BEML reports stellar performance in Q4 FY24 results: Net Profit jumps by 62.5%
- NHAI took strict action against Toll Operating Agency for Misbehaving with Highway Users