New Delhi: The Ministry of Coal will launch the 8th Round of Commercial Coal Mines Auctions tomorrow. A total of 39 Mines of five states are to be offered in this round of auction. These States are Bihar, Jharkhand, Maharashtra, Odisha and West Bengal.
The Coal sector opened for Commercial Coal Mining in 2020, with the first-ever successful auctions of Commercial Mining launched by Prime Minister Narendra Modi in June, 2020. Since then, the Ministry of Coal has conducted seven rounds of Commercial Coal Mining auctions, and 91 mines have been auctioned, with peak rated capacity of 221 Million Ton per annum.
The launch of the this round commercial coal mining auctions is a significant step towards promoting private sector participation in the coal mining industry and increasing coal production.
