Commercial coal auctions to start on Jun 18
The government will start auctions will auction of coal mines for commercial mining purposes on June 18 through a virtual event to be attended by Prime Minister Narendra Modi.
“We are launching first-ever commercial coal auctions in country on 18th June. Event will be graced by PM @NarendraModi Ji. It is his vision & guidance to make #AtmaNirbharBharat in coal. I am proud that we are well on our way to achieve it,” coal and mines minister Pralhad Joshi tweeted on Thursday.
The Cabinet Committee on Economic Affairs on May 20 approved the methodology for auction of coal and lignite mines for sale on revenue sharing basis and increasing the tenure of coking coal linkage.
