Coal Ministry offers relaxation in revision of Performance Bank Guarantee
Coal Ministry Offered relaxation in Revision of Performance Bank Guarantee and extended Bid due date for Commercial Coal Block auction upto January 30.
The Ministry of Coal had launched the sixth round and second attempt of fifth round of commercial coal mines’ auction on November 3, 2022 for 141 coal mines. Considering the demand from the industry and to promote Ease of Doing Business (EoDB), the Ministry has decided that going forward the first revision in the Performance Bank Guarantee (PBG) would be done upon grant of mine opening permission for the respective coal mines.
