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CIL to invite bids for seven underground mines by end-March

Friday, 06 Mar 2009
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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)

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