June 20th 2024.
The Ministry of Coal is taking a major step towards increasing domestic coal production and securing the nation's energy needs. They have announced the launch of the 10th round of commercial coal block auction, which will feature a total of 60 mines. This significant event will take place in Hyderabad on June 21st.
Minister of Coal and Mines, G Kishan Reddy, will be leading the auction with the support of other key figures such as MoS for Coal and Mines, Satish Chandra Dubey, Telangana Deputy Chief Minister Mallu Bhatti Vikramarka, and Coal Secretary Amrit Lal Meena. According to the ministry, these auctions will offer a diverse range of coking and non-coking coal mines, strategically located across different states and regions. This will not only boost regional economic development but also create job opportunities.
Out of the 60 coal mines, 24 have been fully explored, while 36 are partially explored. In addition to this, the ministry is also offering five coal mines under the second attempt of round nine of commercial coal auctions. This is a great opportunity for various states like Odisha, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Telangana, and West Bengal, as these mines are spread across these regions.
The ministry has carefully selected these coal blocks to ensure that they contribute towards the overall growth and development of the country. With this auction, the government aims to increase domestic coal production and reduce dependency on other countries for coal imports. The upcoming auction round will not only benefit the coal sector but also have a positive impact on the economy and employment in various regions. Let's wait and see the outcome of this promising event on June 21st.
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