Overwhelming Response to 8th Round Commercial Coal Mines Auctions

The 8th round of commercial coal mine auctions was launched on November 15, 2023 by the Union Minister of Coal, Mines and Parliamentary Affairs Shri Pralhad Joshi. The pre-bid meeting for the round was held on December 12, 2023 and more than 50 bidders had participated in the pre-bid meeting.

The last date for submission of bids for 8th round is January 29, 2024. The bids received in the 8th round will be opened on January 30, 2024 in the presence of the bidders.

In the 8th round, 39 coal mines have been offered of which 35 coal mines have been offered under 8th round with cumulative peak rated capacity PRC of ~77 million tonne (MT) and four coal mines have been offered under second attempt of 7th round with cumulative PRC of 30 MT. The ongoing 8th round has witnessed an overwhelming response from the industry which is evident from the fact that a lot of queries have been received from number of bidders along with several site-visit requests. This shows the trust, the industry has in the transparent commercial coal auction regime which was launched by the Prime Minister in June 2020.