In a significant move to enhance domestic coal production and ensure energy security, the Ministry of Coal is set to launch the next tranche of coal block auctions. Union Minister of Coal and Mines, Shri G. Kishan Reddy, will inaugurate the 10th round of Commercial Coal Mining auctions on 21st June 2024 in Hyderabad. The event will also be attended by Minister of State for Coal and Mines, Shri Satish Chandra Dubey, Deputy Chief Minister of Telangana, Shri Mallu Bhatti Vikramarka, and Secretary of the Ministry of Coal, Shri Amrit Lal Meena.
This initiative aims to foster transparency, competitiveness, and sustainability within the coal sector. The upcoming auction round includes 60 coal blocks, comprising a diverse range of coking and non-coking coal mines. These blocks, strategically located across different states and regions, are expected to support regional economic development and generate employment opportunities.
The launch of this auction tranche marks a pivotal moment in the mission to achieve self-reliance in the coal sector. By opening up more blocks for transparent and competitive bidding, the Government of India is unlocking the country’s vast coal reserves to drive economic growth and energy security. The government is committed to sustainable mining practices that balance economic development with environmental stewardship.
The forthcoming 10th round of Commercial Coal mining auctions follows previous successful auctions, underscoring the Ministry’s unwavering commitment to propelling the sector forward. Of the total 60 coal mines offered in the upcoming round, 24 are fully explored, while 36 are partially explored.
Additionally, five coal mines are being offered under the second attempt of round nine of Commercial Coal. Among these, four are fully explored, and one is partially explored. Furthermore, two coal mines are being offered under the second attempt of round eight, with one fully explored and one partially explored.
This auction initiative is expected to significantly contribute to the country’s energy security by increasing domestic coal production and reducing dependence on coal imports. The Ministry’s focus on transparent and competitive bidding processes aims to attract substantial investment into the sector, thereby boosting economic growth and regional development.
The government’s dedication to sustainable mining practices ensures that economic progress does not come at the expense of environmental health. This balance is crucial for maintaining the long-term viability of the coal sector while meeting the nation’s energy needs.
The 10th round of Commercial Coal Mining auctions is a testament to the government’s proactive approach to reforming the coal sector, ensuring it remains robust, competitive, and capable of meeting the country’s energy demands.
