Union Minister G Kishan Reddy Launches 10th Tranche of Coal Mine Auctions in Hyderabad
On June 21, Union Minister of Coal and Mines, G Kishan Reddy, launched the 10th tranche of commercial coal mine auctions in Hyderabad. A total of 67 coal mines are being offered across various states including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, West Bengal, and Telangana.
During the event, G Kishan Reddy emphasized the importance of coal in achieving a 5 trillion-dollar economy and urged coal entrepreneurs to work towards making India self-reliant in coal. He highlighted that the revenue from the auctioned coal blocks would go to the respective state governments.
Deputy Chief Minister of Telangana, Mallu Bhatti Vikramarka, praised the Ministry of Coal for its efforts in reducing foreign coal imports and producing nearly 1 billion tonnes of coal in the last financial year. Minister of State for Coal and Mines, Satish Chandra Dubey, assured support to coal block allocatees and emphasized the importance of the coal mining sector in making India self-sufficient in coal.
Amrit Lal Meena, Secretary of the Ministry of Coal, stressed the need to enhance coal production while ensuring worker safety and environmental sustainability. He called for robust state-level support to improve the ease of doing business in the coal sector. Additional Secretary M Nagaraju highlighted the importance of private investment and expertise in meeting the growing energy demands.
The sale of tender documents commenced on June 21, 2024, and details can be accessed on the MSTC auction platform and the Ministry of Coal’s website. The auction will be conducted online through a transparent two-stage process based on Percentage Revenue Share.
