Defence Minister Rajnath Singh announced the launch of the seventh round of auctions for commercial mining of coal blocks, comprising 106 mines. The auction includes 61 partially explored and 45 fully explored blocks.
Singh emphasised the significance of coal as black gold and its contribution to the country’s economic growth. He also highlighted the increase in energy consumption and the need to start working towards meeting this demand today.
The auction, which includes 95 non-coking coal mines, 10 lignite mines and one coking coal mine, is an important step towards ensuring energy security, Singh said.
As per the coal ministry, the auction will be conducted online through a transparent two-stage process based on the percentage revenue share. Interested parties can access details about the mines, auction terms, timelines, and other related information on the MSTC auction platform.
