Coal ministry to auction 27 more coal mines starting February 27
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The coal ministry has said that 27 coal mines would be put on sale in the next round of commercial mines auction starting from February 27, 2023. The auction process for 141 coal and lignite mines was launched by the coal ministry in November last year.
In a bid to familiarise bidders with the auction process, mock e-auction will be conducted on February 24. The ministry said it launched the 6th round and 2nd attempt of 5th round of commercial coal mines auctions on November 3, 2022, which received unprecedented response from industry.
It added 96 bids were received for 36 coal mines, including participation from many first time bidders, reflecting the enthusiasm among the bidders and the positive sentiment about coal mining sector.
