Team Blitz India
NEW DELHI: The Ministry of Coal is set to launch the 10th round of commercial coal block auctions next week.
According to the a press release, this initiative aligns with Prime Minister NarendraModi’s vision of achieving energy independence by 2047 and promoting Atma-Nirbharta (self-reliance) in the coal sector.
The upcoming auction round is expected to offer approximately 62 coal blocks, with no restrictions on end use.This move allows the allocattee to sell the coal produced from these blocks in the free market, fostering a competitive environment and ensuring better utilization of coal resources.
G Kishan Reddy emphasized the need for complete transparency and revenue maximization in this auction process.
The commercial coal block auction was initially launched by Prime Minister NarendraModi in June 2020, marking a paradigm shift in the coal sector.
