Thursday, January 27, 2022

Coal Ministry says, there has been tremendous response to auction process for coal mines launched on 25th March

The Ministry of Coal has said that there has been a tremendous response to the auction process for coal mines which was launched on 25th of March this year. It said that this is reflected from the fact that around 50 mine-specific tender documents have been purchased by the Bidders till date.

It added that many other prospective Bidders are also in the process of registration and purchase of the tender documents from the auction portal. The Coal Ministry said that the bid submission date has been extended to enable interested parties to travel to mine locations for inspection once the lockdown conditions are removed in different states.

This is the second tranche of auction of coal mines for Sale of Coal which paves way for liberalisation of Indian coal sector. The Ministry said that this would enhance efficiency, competition and private sector participation leading to development of a vibrant coal market, boosting economic growth and employment generation.

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