Ministry of Coal to Launch 16th Round of Commercial Coal Mine Auctions

The Ministry of Coal is launching the 16th Round of Commercial Coal Mine Auctions in New Delhi, with the Minister of State for Coal and Mines as the Chief Guest. Over the past six years and fifteen completed rounds, 147 coal mines have been auctioned, bringing 44 new companies into the sector. The 16th round offers fully and partially explored coal blocks under liberal terms, including no end-use restrictions, 100 percent FDI through the automatic route, and low adjustable upfront payments. The commercial coal auction programme aims to increase domestic coal production, reduce import dependence, support Aatmanirbhar Bharat, attract investment, and create employment opportunities.