The Coal Ministry has received an overwhelming response for the coal mines offered under the 10th round of commercial coal mine auctions, with a total of 44 bids submitted in physical form. The Ministry in a statement said, the substantial number of bids highlights the continued interest and participation from stakeholders in India’s evolving coal sector.

The 10th round of auctions, launched by the Ministry on the 21st of June this year, offered 67 coal mines for commercial mining. The auction process has drawn considerable participation from small and medium-sized players, indicating the inclusive nature of the auction process.

The Ministry said that this inclusivity highlights that the reforms in the coal sector have been well received across the industry. It added that such enthusiastic participation is a testament to the Ministry’s efforts in creating a more open and competitive coal market in India.

Yesterday was the last date for bid submission. The online bids received during the auction process, along with the offline bids submitted to the office of the Nominated Authority, will be opened on Monday in the presence of the bidders.