Next tranche of commercial coal mine auctions to be launched in January 2021

According to the coal ministry, the next tranche of commercial coal mine auctions will be launched in January 2021 and further rounds will continue thereafter. ….

A total of 19 coal mines spread across Madhya Pradesh, Jharkhand, Odisha, Chhattisgarh and Maharashtra were auctioned in the country’s first commercial coal mine auction. The winning bid quoted a 27 per cent average revenue share or premium over and above the floor price. The highest premium bid was of 66.75 per cent.

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