NEW DELHI: India’ second tranche of commercial coal mine auctions has gained traction, with at least 50 mine specific tender documents purchased by prospective bidders, the Union coal ministry said in a statement on Tuesday.
India has the world’s fourth largest reserves and is the second-largest producer of coal. With global shift to green energy to address growing environmental concerns, the Indian government is trying to harness coal reserves within the next three decades.
“The nominated authority, ministry of coal, launched the auction process for coal mines under the Coal Mines (Special Provisions) Act and the Mines and Minerals (Development and Regulation) Act earmarked for sale of coal on March 25, 2021,” the statement said.
