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Coal Ministry opens 16th mine bidding round

economictimes.indiatimes.com · 8h · first reportShare

The Ministry of Coal on Thursday launched the 16th round of commercial coal mine auctions, inviting prospective stakeholders and investors to participate in the bidding process for the newly offered blocks.In this latest tranche, a total of 25 coal blocks have been put up for sale. Among these, 21 are fully explored blocks, while four are partially explored mines. The blocks are geographically spread across eight states: Odisha, Maharashtra, Jharkhand, Chhattisgarh, West Bengal, Bihar, Telangana, and Arunachal Pradesh."We invite investors to participate in this round of auction. The new round has potential to generate huge employment and attract new investments into the sector," Minister of State for Coal and Mines Satish Chandra Dubey said while launching the auctions.Also read: Take steps to accelerate discovery of new mineral resources, says NITI AayogCommercial coal mining was originally inaugurated by Prime Minister Narendra Modi in 2020. Over the past six years, spanning 15 compl