Finance Minister Launches Biggest Ever Coal Mine Auction of 141 Mines

Finance Minister Launches Biggest Ever Coal Mine Auction of 141 Mines

• Union Finance Minister Nirmala Sitharaman launched the biggest-ever coal mine auction of 141 mines that are expected to benefit twelve states directly. During the launch, the finance minister said that a fast-growing economy like India needs greater investment in coal production and gasification projects.
• 33 coal mines were put up for auction in the sixth round of commercial auctions, out of which 71 were new coal mines and 62 coal mines were rolling over from earlier tranches of commercial auctions. Additionally, 8 coal mines under the second attempt of 5th round of commercial auctions were included for which single bids were received in the first attempt.

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Published date : 04 Nov 2022 05:26PM