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Business News

May 25, 2023
, 
7:37AM

Coal Ministry extends last date for submission of bids for 7th round of Commercial Coal Mine auctions

FILE PIC
The Ministry of Coal has extended the last date for submission of bids till 27th June for the ongoing 7th round of Commercial Coal Mine auctions, which was 30th of this month earlier. The Ministry said that the decision has been taken in view of requests received from large number of potential bidders.
 
The Ministry has so far allocated or auctioned 133 mines with cumulative Peak Rated Capacity (PRC) of 540 million tonne per annum (MTPA), out of which 48 coal mines came into production having cumulative PRC of 195 MTPA. The production from captive or commercial mines has reached 16.25 million tonnes in the ongoing financial year till 22nd of this month achieving significant growth of 10.2 per cent compared to 14.75 MT produced during the same time period last year.

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