Ministry of coal makes efforts to stop importing of coal with the main focus on production of coal within the nation. Ministry of coal launched 8th round of commercial coal mines auction process deploying mass production technology. Out of 39 coal mines, four mines are being offered under 2nd attempt of 7th round under CMSP/ MMDR Act, where single bid were received in the first attempt. These mines come under CMSP Act and MMDR Act.
35 coal mines being offered under 8th round, 16 coal mines are new ones and 19 mines are being rolled over from earlier tranches. For 8th round also, mines falling under protected areas, wildlife sanctuaries, critical habitats, having forest cover greater than 40%, heavily built-up area etc. have been excluded.
The block boundaries of some of the coal mines where there was presence of dense habitation, high green cover or critical infrastructure etc. have been modified for early development of coal mine.
Sale of tender document shall start from November 15, 2023. Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform. The auction shall 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 is assisting the Ministry in conducting the auction process.
