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TFP Bureau, New Delhi, June 14, 2024: In alignment with Prime Minister Shri Narendra Modi’s vision for energy independence by 2047 and to ensure “Atma-Nirbharta” (self-reliance) in coal, the Union Minister of Coal and Mines, Shri G Kishan Reddy, will launch the 10th round of Commercial Coal Block Auctions next week. The minister has emphasized the importance of complete transparency and revenue maximization in this process.
In the 10th round of auctions, approximately 62 blocks are expected to be offered without end-user restrictions. The coal produced from these commercial blocks can be sold by the allocattee in the free market.
The Prime Minister initiated the commercial coal block auction in June 2020. Since then, the Ministry of Coal has successfully auctioned 107 coal blocks with a peak rated capacity of 256 MT across nine rounds. So far, 11 commercial coal blocks have been operationalized, producing 17.5 MT of coal last year.
To assist bidders, the Ministry of Coal has developed a coal block portal on the PM Gatishakti National Master Plan, providing detailed visibility of geographical features.
