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2d ago

India Allocates 200th Coal Block as 12th Auction Round Receives 41 Bids

The milestone underscores reforms seeking to draw private investment into mining, strengthening energy security.

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Overview

  • The 12th commercial coal mining auction, opened on June 16, drew 41 bids for 11 of the 22 blocks on offer.
  • A total of 27 companies, including Jindal Steel and Power, NLC India Ltd and more than 10 new entrants, took part in the latest round.
  • Bids will be evaluated by a multi-disciplinary Technical Evaluation Committee to shortlist qualified bidders for the MSTC portal’s electronic auction.
  • On June 17, the ministry awarded its 200th commercial coal mine, granting the Marwatola II block to Singhal Business Pvt Ltd.
  • Since launching auctions in 2020, reforms such as a single-window clearance system and digital monitoring tools have aimed to boost domestic output and curb coal imports.