New Delhi: After the Radhikapur West in Odisha, the Radhikapur East Coal Mine has now been auctioned. The mine was taken over by EM6IL6 Mines and Minerals Resources Limited under Aditya Birla Group. In addition, the Urma hills in Jharkhand have been auctioned off. The mine was acquired by Arvind Reality and Infrastructure Pvt. The auction was reported on Thursday. The two mines were auctioned on the fifth day of the commercial coal auction. The two mines have 455.83 million tonnes of coal. The commercial coal mine auction, which started on Monday, has so far closed 16 coal mines. These mines are being auctioned off on a revenue allocation basis. Earlier, coal mines were being auctioned off at a price per ton. Adani Enterprises Limited (AEL), Jindal Steel and Power Limited and Nalco were in the running for Radhikapur East Mine. A government official said on condition of anonymity that there was fierce competition within the companies to mine the e-auction. The companies have received two yak mines at a much higher premium than the minimum price set for the mines. But under the Coal Mine (Special Arrangements) Act 2015, 16 mines are now being auctioned in the eleventh auction phase. The mines are located in Chhattisgarh, Madhya Pradesh and Maharashtra, including Odisha and Jharkhand. The current auction will end on the 8th of next month. Two more mines are yet to be auctioned off at this stage. Of these, one is in Jharkhand and one is in Chhattisgarh.
