Five coal mines put up on Day 1 of 10th round of commercial coal mine auction
On 21 November 2024, forward e-auctions under the 10th round of commercial coal mine auctions began, with 5 coal mines put up for auction on the first day.
Summary
On 21 November 2024, forward e-auctions for nine coal mines under the 10th round of commercial coal mine auctions began; the Ministry of Coal had launched the round on 21 June 2024. On the first day, 5 coal mines — one fully explored and four partially explored — with total geological reserves of 2,630.77 million tonnes were put up for auction. The ministry estimated annual revenue of about ₹1,106.91 crore (excluding partially explored mines), capital investment of about ₹1,800 crore and employment for about 16,224 people.
Key facts
- Day 1
- 21 Nov 2024; 5 mines auctioned
- Round
- 10th; launched 21 June 2024; 9 mines in e-auction
- Reserves
- 2,630.77 MT
- Revenue
- ~₹1,106.91 cr/yr
- Jobs
- ~16,224
Practice MCQs 1 questions
How many coal mines were put up for auction on the first day (21 November 2024) of the 10th round of commercial coal mine auctions?
Show answer
Correct answer: D — 5
PIB (Coal): on the first day, 5 coal mines were put up for auction; forward e-auctions for nine mines commenced from 21.11.2024.