FCC

Government receives 44 bids in 10th round of commercial coal mine auction

2024-10-21

The government announced that it has received 44 bids for 67 coal blocks offered for sale in the 10th round of commercial mine auctions. All bids were submitted in physical form.

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.