Government receives 44 bids in 10th round of commercial coal mine auction
In June, the coal ministry put these 67 coal mines up for auction, reflecting a strong interest from stakeholders in India's evolving coal sector. The coal ministry noted that the significant number of bids highlights continued engagement from various participants, particularly small and medium-sized players, demonstrating the inclusivity of the auction process.
The online and offline bids will be opened on Monday. The robust response to this auction round marks a key step towards achieving energy self-reliance in India, aligning with the government's vision of self-sufficiency.
By engaging a diverse array of participants, the Centre aims to boost coal production, ensuring a reliable supply of dry fuel for multiple sectors, thereby enhancing energy security and reducing import dependence. The coal ministry remains dedicated to promoting a dynamic and competitive environment within the coal sector to meet the growing demands of the economy.