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India May Launch Coal Blocks Auction Process on June 11

Coal News - Published on Thu, 28 May 2020

Image Source: Coal Auction
Media reported that Indian government is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under the hammer. Report quoted an official as saying “Government will come out with the notice inviting tender for auction of coal mines for sale of coal on June 11. Around 50 coal blocks are likely to be put on sale.”

The coal ministry proposes to launch the auction of coal mines through an event in the national capital followed by a series of events in different parts of the country to create sensitisation on the amendments made in Acts and Rules by the Centre and generate private sector interest and participation, according to a government notice. In a bid to organise and manage the event the coal ministry will appoint a programme management partner, it said.

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Posted By : Yogender Pancholi on Thu, 28 May 2020
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