The government will start the seventh round of coal block auction on Wednesday.
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The ministry also said it would sign agreements for 28 coal blocks included in the sixth round of auction. According to the statement, “The Ministry of Coal will sign agreements for 28 coal mines auctioned in the sixth round. With this, the seventh round of coal block auction will be held on March 29, 2023.
The government will start the seventh round of commercial auction of coal mines on Wednesday. 106 coal blocks will be kept in this. The Ministry of Coal gave this information in an official statement. The ministry also said it would sign agreements for 28 coal blocks included in the sixth round of auction. According to the statement, “The Ministry of Coal will sign agreements for 28 coal mines auctioned in the sixth round. With this, the seventh round of coal block auction will be held on March 29, 2023.
According to the ministry, the maximum capacity (PRC) of the 28 coal mines included in the auction is 74 million tonnes per annum. The annual revenue from these mines at maximum capacity is estimated to be Rs 14,497 crore. With the commissioning of these mines, one lakh people are expected to get employment. Of the 106 coal mines in the seventh round of auction that began on Wednesday, 95 are non-coking coal mines, one coking coal mine and 10 lignite mines. The sale of tender documents will commence from March 29, 2023. Details of mines, auction conditions, timelines etc. can be seen on MSTC auction platform. The auction will be conducted online in two phases in a transparent manner on revenue sharing basis. Defense Minister Rajnath Singh will be the chief guest and launch the next round of auction. Union Minister of Coal, Mines and Parliamentary Affairs Pralhad Joshi will preside over the event.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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