Government launches coal mine auction of 141 mines

The central government has launched the coal mine auction of 141 mines.

These mines being auctioned are spread across 11 coal/ lignite bearing states including Jharkhand, Chhattisgarh, Odisha, Madhya Pradesh, Maharashtra, West Bengal, Andhra Pradesh, Telangana, Rajasthan, Tamil Nadu and Bihar. 133 coal mines have been put up for auction in the sixth round of commercial auctions, out of which 71 are new coal mines and 62 coal mines are rolling over from earlier tranches of commercial auctions. Additionally, 8 coal mines under second attempt of fifth round of commercial auctions have been included for which single bids were received in the first attempt. The commencement of sale of tender document has started from November 03, 2022. The auction will be held online through a transparent two stage process, on the basis of percentage revenue share. SBI Capital Markets Limited, the sole transaction advisor to Ministry of Coal for the commercial coal mine auctions, had devised the methodology and is assisting the Ministry of Coal in conducting the auction process.

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