This is the highest number of mines on offer in a particular tranche of auction after commencement of the auction regime since 2014. Union Coal Minister Pralhad Joshi launched the auction process in a programme held in New Delhi.
Amitabh Kant, CEO NITI Aayog and Anil Kumar Jain, Secretary (Coal) were also present in the function.
Out of the total 67 mines offered by the Ministry of Coal, 23 mines are under CM(SP) Act and 44 under MMDR Act.
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 6 states of Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Andhra Pradesh.
“We are making coal the driver of economic activities in the country. There are huge opportunities that the Indian coal sector is offering. Therefore, I invite investors to come and be a part of vastly untapped coal reserves in the country. Grow your businesses and take India along on the growth course,” Joshi said while launching the auction process.
This story is from the April 2021 edition of Steel Insights.
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This story is from the April 2021 edition of Steel Insights.
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