FM launches biggest coal mine auction of 141 mines

07 Nov 2022 CW Team

Union Finance Minister, Nirmala Sitharaman launched the sixth tranche of the Coal Ministry's coal mine auction on November 3.

According to a statement from the Coal Ministry, 141 mines from 11 states were auctioned off during the largest auction held so far.

"In the sixth round of commercial auctions, 133 coal mines were put up for auction, 71 of which are new coal mines and 62 of which are rolling over from earlier tranches of commercial auctions," the ministry said.

It also included 8 coal mines under the second attempt of the fifth round of commercial auctions, for which single bids were received in the first attempt.

The mines being auctioned are spread across coal/lignite bearing states of Jharkhand, Chhattisgarh, Odisha, Madhya Pradesh, Maharashtra, West Bengal, Andhra Pradesh, Telangana, Rajasthan, Tamil Nadu and Bihar, it added.

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