Govt launches second tranche of auction for commercial coal mining for 67 blocks
India has launched its 2nd Tranche of auction for commercial coal mining offering 67 mines for sale of coal today. This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014. Coal Minister Pralhad Joshi launched the auction process in a programme held in New Delhi. The coal mines on offer are a mix of mines with small and large reserves, coking and non-coking mines and fully and partially explored mines spread across six states. These states are Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Andhra Pradesh.
Speaking on the occasion, Mr Joshi said, the government is making coal the driver of economic activities in the country and there are huge opportunities that the Indian coal sector is offering. He invited investors to come and be a part of vastly untapped coal reserves in the country. The Minister said, Commercial coal mining will bring in new investments, create huge employment opportunities and boost socio-economic development in coal-bearing states. He said, a market-based coal economy will help the nation become Aatmanirbhar in coal.