The
Nominated Authority, Ministry of Coal, launched the auction process for
coal mines under the CM (SP) Act and the MMDR Act earmarked for Sale of
Coal on March 25, 2021. This is the second tranche of auction of coal
mines for Sale of Coal which paves way for liberalisation of Indian coal
sector enhancing efficiency, competition and private sector
participation leading to development of a vibrant coal market, boosting
economic growth and employment generation.
The response to this auction tranche, till now, has been tremendous which is reflected in around 50 mine specific tender documents being purchased by the Bidders till date while many other prospective Bidders are in the process of registration and purchase of the tender documents from the auction portal.
The
bid submission date has been extended to enable interested parties to
travel to mine locations for inspection once the lockdown conditions are
removed in different States of India.