By TIOL News Service

NEW DELHI, MAR 14, 2024: IN a strategic move towards maximizing the potential of India's coal sector, the Ministry of Coal has announced the launch of the monetization process on 12.03.2024 for 2 MTPA capacity of Dugda Coal Washery, belonging to Bharat Coking Coal Limited (BCCL). This landmark initiative underscores the government's commitment to optimizing resources and driving economic growth through efficient utilization of coal reserves.

Monetization of 2 MTPA Dugda Coal Washery of BCCL will be held through a transparent competitive auction process and will be awarded to potential steel manufacturer. The old and non-operational washery will be awarded to the bidder along with the coal linkage corresponding to the highest premium paid for the coal quantity. Successful Bidder to design, Build/ Renovate, operate & maintain and transfer the Washery on Build/Renovation, Operation, Maintenance and Transfer model.

Coking coal, a vital component in steel production, plays a pivotal role in the industrial landscape, especially in a rapidly developing economy like India. With the demand for high-quality coking coal steadily rising, the significance of initiatives aimed at enhancing its extraction and processing cannot be overstated. The monetization of BCCL's Dugda Coal Washery is poised to revolutionize the coking coal sector, amplifying its contribution to the nation's steel production capacity.

By unlocking the potential of the Dugda Coal Washery, BCCL is poised to harness substantial value from its coal reserves. The monetization process is expected to streamline operations, optimize resource utilization, and foster innovation in coal beneficiation techniques. Moreover, it will enable BCCL to leverage its expertise in coal mining and processing, thus solidifying its position as a key player in the Indian coal sector.

The monetization of the Dugda Washery aligns perfectly with the vision of Aatmanirbhar Bharat. By promoting self-sufficiency in coking coal production, India can minimize reliance on imports, strengthen its energy security, and foster a more robust and resilient steel sector.

The monetization is poised to attract significant investor interest, further stimulating economic activity, and fostering job creation in the region. With a commitment to sustainability and technological advancement, BCCL stands poised to redefine the landscape of India's coal sector, driving progress and prosperity for generations to come. Interested bidder may kindly visit https://auction.coaljunction.com/CoalWeb/getLinkageTopNavbarAction.do for the relevant documents/information pertaining to the monetization process.