Coal Minister G. Kishan Reddy highlighted the crucial role of the coal mining sector in advancing India’s goal of self-reliance (Aatmanirbharta) and economic expansion. Speaking at the launch of the 12th round of commercial coal mine auctions, he stated that the coal industry would play a pivotal role in achieving India’s $5 trillion economy target while also contributing to the nation’s net-zero commitments. He underscored the importance of private sector participation in boosting coal production and reducing dependence on imports.
So far, the Modi government has auctioned 125 coal mines under the commercial mining policy, attracting over ₹40,000 crore in investments and generating nearly 4 lakh jobs. With the latest auction, 28 additional coal and lignite blocks are up for bidding, further strengthening domestic production, cutting foreign exchange outflows, and stimulating related industries. Reddy pointed out that the competitive bidding process, where public sector units (PSUs) and private players vie for contracts, has enhanced efficiency and transparency.
The minister also stressed the need for swift operationalisation of allocated mines. He noted that recent reforms have drawn first-time bidders, with five new companies entering the sector in the last two rounds. The previous auction witnessed a record-high revenue share of 36.27%, reflecting growing investor confidence.
In this round, 25 mines are being auctioned—seven under the CMSP Act and 18 under the MMDR Act—including two lignite mines. Additionally, three partially explored mines from Round 11’s second attempt are also on offer. The bidding process will proceed with a pre-bid meeting on April 11, followed by key deadlines leading up to the final e-auction between June 9 and 20.
