Union coal ministry launches auction process of 27 mines

The Union coal ministry has launched the process of auction of 27 coal mines and allotment of 15 mines to central and state public sector undertakings.

Auctioning of 21 coal mines is for end use in non-regulated sectors and six coking coal mines for end use in the iron and steel sector.

The ministry said the thrust is given on auctioning of coal blocks. In case of allotment of blocks for PSUs, five coal mines are for the power sector, nine for sale of coal and one for iron and steel, it added. The coal mines are from Maharashtra, Jharkhand, Chhattisgarh, Madhya Pradesh and Odisha.

"At peak rated capacity (PRC), these 42 coal mines will produce approximately 70 million tonne per annum (mtpa)," the ministry said.

The last date of registration of bidder and sale of tender document is September 13 and bid due is September 19. The electronic bid will be conducted on the MSTC platform from October 10 to November 8.

Registration of bidder and sale of tender document is September 19 and electronic bidding to take place from October 10 to November 8.