Ministry of Coal revises timelines for second tranche of coal auctions

On Tuesday, the coal ministry declared the timeline revision of the second tranche of commercial mining auctions. In a statement, the ministry said that the last date for registration of bidders and sale of tender documents on the MSTC website, and the due date of submitting the bid is changed. The closing date for presenting the bids has been extended to 8 July, 2021. Additionally, it stated that the updated timeline would be uploaded on the MSTC website. In March, the government had provided 67 coal mines for sale, starting the second tranche of commercial coal mining auctions and named it a step towards Atma Nirbhar Bharat. Since the start of the auction regime in 2014, this has been the highest number of coal mines on a proposal in a particular tranche. Out of the 38 coal blocks offered in the first round of auctions for commercial coal mining, the government successfully sold 20 mines. Image Source Also read: Coal mine auctions: Commercial tranche 2 gains traction Also read: Ministry adds 11 more coal mines for auction