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.