Coal Mines Auction: 25 Blocks Up for Sale in India
India's coal ministry will launch the 12th round of commercial coal mines auction on Thursday, offering 25 blocks for sale, aiming to boost energy self-reliance and industrial growth.
Photograph: Amit Dave/Reuters
New Delhi, Mar 26 (PTI) The coal ministry will launch the 12th round of commercial mines auction on Thursday in which 25 blocks will be put on sale.
"Under round 12, a total of 25 coal mines are being offered, comprising 7 mines under CMSP [Coal Mines (Special Provisions) Act, 2015] and 18 mines under MMDR (Mines and Minerals (Development and Regulation) Act, 1957)," the coal ministry said in a statement.
Coal and Mines Minister G Kishan Reddy will be the chief guest of the launch event.
The 12th round is expected to attract significant interest from domestic and international investors, reinforcing the country's commitment to self-reliance in energy and industrial growth.
"With a vision to foster a transparent, market-driven coal economy, the government continues to create new opportunities for investors and industry players. The commercial coal mine auctions have been a game-changer, unlocking the vast potential of India's coal reserves while promoting competition, efficiency, and sustainable mining practices," it said.
Commercial coal mine auctions was launched by Prime Minister Narendra Modi in 2020.
"Under round 12, a total of 25 coal mines are being offered, comprising 7 mines under CMSP [Coal Mines (Special Provisions) Act, 2015] and 18 mines under MMDR (Mines and Minerals (Development and Regulation) Act, 1957)," the coal ministry said in a statement.
Coal and Mines Minister G Kishan Reddy will be the chief guest of the launch event.
The 12th round is expected to attract significant interest from domestic and international investors, reinforcing the country's commitment to self-reliance in energy and industrial growth.
"With a vision to foster a transparent, market-driven coal economy, the government continues to create new opportunities for investors and industry players. The commercial coal mine auctions have been a game-changer, unlocking the vast potential of India's coal reserves while promoting competition, efficiency, and sustainable mining practices," it said.
Commercial coal mine auctions was launched by Prime Minister Narendra Modi in 2020.
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