TFP Bureau, New Delhi, February 2, 2024: The Ministry of Coal, acting through the Nominated Authority, initiated the eighth round of commercial coal mine auctions on November 15, 2023, offering 39 coal mines for bidding. As the submission deadline for bids closed on February 2, 2024, a noteworthy participation has been observed.
A total of 10 bids, submitted offline, have been received for 7 coal mines. Remarkably, two or more bids have been received for 2 out of the 7 coal mines. The process will continue with the opening of online bids on February 05, 2024, in New Delhi. This auction signifies a crucial step in the allocation of commercial coal mines, fostering competition and engagement from multiple stakeholders. The Ministry anticipates a robust and transparent process leading to the allocation of these valuable resources for further economic development.
