Govt to launch seventh round of commercial auctions on Wednesday

The government will put on the block 106 coal mines on Wednesday, launching the seventh round of commercial auctions, an official statement said.

In the statement, the coal ministry said it will also be signing the agreements for the 28 coal mines auctioned under the sixth round of auctions, it said.

"The Ministry of Coal will be signing the agreements for 28 coal mines auctioned under the sixth round and launching the seventh round of auction of mines for sale of coal on March 29, 2023," the statement said.

The cumulative PRC (peak rated capacity) of the 28 coal mines auctioned under previous round is 74 million tonne per annum (MTPA) and these mines are expected to generate annual revenue of Rs 14,497 crore calculated at PRC of these coal mines. Upon operationalisation, these mines are expected to generate employment for one lakh people, the ministry said.

Of the 106 coal mines offered under seventh round, 61 mines are partially explored coal mines and 45 are fully explored ones.