Government receives 44 proposals in the 10th round of commercial coal mine bidding

The government announced on Friday that it has received 44 proposals for 67 coal blocks made available for sale in the 10th round of commercial mine auctions. A total of 44 submissions were made in physical format. In June, the coal ministry offered 67 coal mines for auction as part of the 10th round of commercial mine bidding.

"The significant number of proposals highlights the ongoing interest and engagement from stakeholders in India's developing coal industry," the coal ministry stated in a release.

The auction process has attracted considerable participation from small and medium-sized entities, demonstrating the inclusive nature of the bidding process. This inclusivity emphasizes that the reforms in the coal sector have been positively received throughout the industry, regardless of the size of the participants.The online proposals received during the auction, in addition to the offline submissions, will be opened on Monday.

 

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The robust response to this round of auctions represents a vital step towards achieving energy self-sufficiency in the country and aligns with the government's vision of self-reliance. By involving a diverse range of participants, the Centre aims to further boost coal production, ensuring a dependable supply of dry fuel for various sectors, thereby enhancing energy security and decreasing reliance on imports.

The coal ministry remains dedicated to promoting a dynamic and competitive atmosphere in the coal sector, ensuring the availability of coal resources to meet the increasing demands of the economy.

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