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Coal Ministry receives 99 bids for the coal block auction

Tuesday, 31 Jan 2023
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The Ministry of Coal has received unprecedented responses for coal block auctions under the sixth round and second attempt of the fifth round of commercial coal block auctions launched on 03 November 2022.

In totality, 99 bids were received in the physical form for 36 coal mines, for the sixth round, two or more bids were received for 25 coal mines; a single bid for seven mines; and 10 bids for four mines in the second attempt of the fifth round.

The Ministry has transparently conducted five rounds of auctions and auctioned 64 blocks with 152 MT PRC.

As the project gets operational, it will create more than Rs 20,000 crore for the states as annual revenue, leading to direct and indirect employment of more than two lakh.

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