Ministry of Coal will begin the process for the 7th round of auctions for a total of 106 coal blocks, in New Delhi today, March 29. The coal mines have been selected considering the varied demands of investors. The Ministry said, the government is committed to attaining self-sufficiency in the area of coal, for the economic growth and development of the nation.
The Coal Ministry has successfully auctioned 87 mines in less than three years. These mines are estimated to generate revenue of around 33 thousand 200 crore rupees and provide employment to about three lakh people. The first-ever tranche of Commercial Coal Mine Auctions was launched by Prime Minister Narendra Modi in June 2020 with a vision of Atmanirbhar Bharat.