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NIT issued by four states for auctioning 27 mineral blocks

Tuesday, 20 Jul 2021
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The Notice Inviting Tender (NIT) for sale of 27 mineral blocks has been issued by four states, including Jharkhand and Odisha. While Odisha has issued NIT for 11 mineral blocks, Madhya Pradesh has issued NIT for 10 blocks.

NIT has been issued for four mineral blocks in Rajasthan and one block in Jharkhand. A total of 114 mineral blocks have been auctioned by various state governments.

These include launch of commercial mining to increase availability of coal through non-Coal India (CIL) mining leases, increase in availability of dry fuel through greater allocations of coal under different auction windows conducted by the coal behemoth, and reduction in floor price for different categories of non-power consumers by CIL.

CIL accounts for over 80 percent of domestic coal output.

 
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