New Delhi: A complete of 35 bids for 103 coal mines had been acquired by the coal ministry on Tuesday for the seventh spherical of economic auctions, launched in November final yr.
Tuesday was the final date for submission of technical bids for these rounds.
On 29 March, the federal government had launched the seventh spherical of economic coal auctions to spice up the supply of dry gasoline within the nation. A complete of 103 coal mines had been placed on the block and of the full mines provided, nearly all of blocks are partially explored.
A complete of 35 offline bids have been acquired for 18 coal mines, whereas two or extra bids have been acquired for seven mines, it added. On-line bids acquired as a part of the public sale course of can be opened on 28 June.
The Centre had amended the mineral legal guidelines to open up the coal sector to offer a level-playing area to private and non-private sector corporations and to allow the public sale of coal mines with none restriction on finish use. Coal from these mines may be utilised in direction of personal consumption, sale or every other functions.
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Up to date: 27 Jun 2023, 06:11 PM IST
Supply: Live Mint