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India launches a new round of auctions of coal blocks for sectors-users

India launches a new round of auctions of coal blocks for sectors-users

The Ministry of Coal Industry of India announced the launch of the 13th round of coal blocks for industries using steel, cement and electricity, according to the Ministry of Thursday, August 21.

The upcoming 13th round will continue to offer mines with the very liberal conditions, contributing to the ease of doing business and attract investments from various interested parties, the statement says.

The last round of auctions will offer a new set of coal mines for the auction, covering both fully explored and partially explored blocks, attracting a variety of participation of experienced miners, new participants and technological enterprises, the statement said.

according to the words ministries, “Agreements on the development and production of coal mines (CMPDA” will be signed for 11 coal mines successfully distributed in previous rounds of auctions.

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