Coal India (CIL) is expected to invite bids for development of its seven
identified underground mines by end-March.
CIL has short-listed nine overseas firms for development of the identified
mines and some of these firms have JVs with Indian companies. In February, the
company had sent the draft Notice Inviting Tender to the nine firms. CIL is
likely to hold discussions with the prospective bidders for these mines on 07
March.
The selected companies are expected to be responsible for planning, designing
and operating these underground coal mines. Initially, they are expected to bear
the costs of operation of the mines, which will be reimbursed by CIL later.
The coal blocks are located in the mining areas of its subsidiaries, namely
Eastern Coalfields, South Eastern Coalfields, Mahanadi Coalfields, Western
Coalfields and Bharat Coking Coal.
Also See:
CIL shortlists
nine companies for developing underground mines (09-Feb-09)