Government has said that 147 coal blocks have been auctioned across nine states since 2020. Coal Ministry said that it is projected to generate around 47 thousand 500 crore rupees in annual revenue and 4.9 lakh jobs. The Ministry said that in the last financial year, the total revenue generated from allocated commercial mines was about three thousand 90 crore rupees. 

 

Coal block allocation in the country has undergone a significant transformation over the past decade. The Ministry said that the entire auction process has been designed to ensure complete transparency. Bidding is conducted online in two stages through the MSTC platform, with bid documents decrypted and opened live in the presence of bidders.