https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

“10th Round Of Commercial Coal Block Auctions To Launch Next Week,” Says Coal Minister G Kishan Reddy

The Coal Minister has directed the officials to ensure complete transparency and revenue maximisation while auctioning the coal blocks for commercial mining
Indian Masterminds Stories

On June 14th, the Ministry of Coal issued a statement saying that the new Coal Minister, Mr. G Kishan Reddy, shall launch the 10th round of commercial coal block auctions during the next week. During the 10th round of the auction, about 62 blocks shall be offered without end-user restrictions. The Coal Minister has directed the officials to ensure complete transparency and revenue maximisation while auctioning the coal blocks for commercial mining. Coal produced from these commercial blocks is permitted to be sold by the allottee in the free market.

The commercial coal block auction was launched in 2020, opening coal mining to the private sector for the first time without the burden of a specific end-use. Since then, during the last nine rounds, the Ministry of Coal has successfully auctioned 107 coal blocks with 256 MT peak-rated capacity. So far, 11 commercial coal blocks have been operationalised. During the last year, 17.5 MT of coal was produced from commercial blocks. The Ministry of Coal has developed a coal block portal on PM Gatishakti National Master Plan to facilitate proper visibility of geographical features for bidders.


Indian Masterminds Stories
Related Stories
NEWS
NHAI logo
NHAI To Enhance Project Monitoring with Drone Technology for Transparency and Efficiency
IAS Khilli Ram Meena
IAS Khilli Ram Meena Succeeds IAS Renu Sharma As Chief Secretary of Mizoram
IAS Chandrabhushan Kumar
IAS Chandra Bhushan Kumar Appointed New Chief Secretary of Andaman & Nicobar Islands
Closeup of word on wooden cube on wooden desk background concept - Fraud
Retired IFS Officer Duped of Rs 11.70 Lakh by Fraudulent Pension Officer
IAS R Alice Vaz
IAS R Alice Vaz Appointed Chief Electoral Officer of Delhi Ahead of Assembly Elections
IAS
IAS Officers' Association Resolves to Uphold Rule-Based Governance
IAS Shruti
IAS Shruti Takes Interim Charge as Yamuna Authority CEO
GAIL PSU
Vedanta Aluminium Partners with GAIL for Cleaner Energy Transition
Videos
WhatsApp Image 2024-11-20 at 18.06
Hyderabad's Transformation From The City of Pearls to Cyberabad
IMG-20241118-WA0002
The Journey Behind Kathakar Ki Diary | Video Interview 
GP Singh
They Aren’t Criminals, But IPS Officers, Standing Up To Political Pressure
ADVERTISEMENT
Latest
IAS Manoj Kumar Singh
IAS Manoj Kumar Singh: Building a Stronger Uttar Pradesh with Visionary Leadership
NHAI logo
NHAI To Enhance Project Monitoring with Drone Technology for Transparency and Efficiency
ADVERTISEMENT
Videos
WhatsApp Image 2024-11-20 at 18.06
IMG-20241118-WA0002
GP Singh
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT