Coal Ministry receives 24 coal blocks bids for Commercial Coal Blocks Auction
The Ministry of Coal has opened the bids for the 14th round of Commercial Coal Blocks’ Auction and has witnessed encouraging participation from industry stakeholders. According to the Coal Ministry official data, the bids were received for 24 coal blocks out of the 41 blocks offered in this round while reflecting sustained industry interest in commercial coal mining framework.
New Delhi: The Ministry of Coal has opened the bids for the 14th round of Commercial Coal Blocks’ Auction and has witnessed encouraging participation from industry stakeholders. According to the Coal Ministry official data, the bids were received for 24 coal blocks out of the 41 blocks offered in this round while reflecting sustained industry interest in commercial coal mining framework.
The online bids were decrypted and opened electronically in the presence of the bidders and the Sealed envelopes containing offline bid documents were also opened in the presence of bidders. The entire process was displayed live on the screen for the bidders, ensuring complete transparency.
In this 14th round of auction, 49 bids have been received against 24 coal blocks out of 41 coal blocks. A total of 11 companies participated in the auction process, including five new entrants bidding for the first time under the commercial coal mining regime.