Govt receives 35 bids for 7th round of commercial coal mine auctions

New Delhi: The Ministry of coal has received 35 bids for the seventh round of commercial coal mine auctions. In a statement released on Tuesday, the ministry said, “A total of 35 offline bids have been received for 18 coal mines, where two or more bids have been received for seven mines. The online bids received as part of the auction process will be opened on June 28 in New Delhi.”

The seventh round of commercial coal mine auctions was launched by the Nominated Authority, Ministry of Coal on March 29 this year for 103 coal mines. The last date for submission of bid was June 27.

Commercial coal mine auction

In its efforts to enhance production capacity, the Coal Ministry has allocated or auctioned 133 mines with a cumulative Peak Rated Capacity (PRC) of 540 million tonnes per annum (MTPA). Of these, 48 coal mines have commenced production, contributing to a cumulative PRC of 195 MTPA. The ongoing financial year has witnessed noteworthy growth, with production from captive and commercial mines reaching 16.25 million tonnes (MT) as of May 22, marking a significant 10.2 percent increase compared to the 14.75 MT produced during the same period last year.

Target: 162 MT production from captive & commercial mines

To facilitate the timely development of coal mines by private players, the Ministry of Coal is providing essential support in terms of land availability, environment, and forest clearances, assistance from financial institutions, and inter-agency coordination. The ministry has set a target of achieving 162 MT production from captive and commercial mines during the current financial year.

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