Ten offline proposals are received by the Coal Ministry for seven coal mines.
Energyworld.com
India
05-02-2024
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"A total of 10 offline bids have been received for seven coal mines, where two or more bids have been received for two coal mines," the coal ministry said in a statement. The online bids received as part of the auction process will be opened on Monday.
On Friday, the Ministry of Coal announced that it had received ten offline bids for seven mines. The government put 39 blocks up for auction in the eighth phase of the mine auction, which was held in November.
"A total of 10 offline bids have been received for seven coal mines, where two or more bids have been received for two coal mines," the Coal
Ministry said in a statement.
On Monday, the online bids submitted during the auction procedure will be available. According to the ministry, encouraging private sector involvement in the coal mining industry and raising coal production are the main goals of the start of the eighth round of commercial coal mining auctions.