Coal mines auction can be held in next month may 2024 30 new blocks will be in offer

To increase the production of coal in the country, the government may soon conduct a new auction of mines. Preparations have been started for this. It is being said that the next auction of coal mines can be held in the next month i.e. May, in which 30 new coal blocks can be offered.

Bidding will be held for so many mines

An ET report says that the Coal Ministry can conduct the next round of auction of coal mines by May 10. 30 new coal blocks can be offered in the new round of auction. The 50 mines for which bids could not be received in the previous round of auction can also be included in the next round of auction.

Approval received from Election Commission

The report quoted ministry officials as saying that approval has been taken from the Election Commission for the auction of coal mines next month. Actually, Lok Sabha elections have started in the country from today. The first phase of voting is being held today. Lok Sabha elections are being held in seven phases. The final phase of voting will take place on June 1 and after that the results will be released on June 4. Due to the implementation of the code of conduct due to elections, the approval of the Election Commission is necessary for the auction.

The central government is making these efforts

The central government is continuously making efforts to increase coal production in the country. For this, the government has set a big target for domestic production of coal. To achieve this, new coal mines are being auctioned rapidly so that domestic production can increase, which will ultimately prove helpful in reducing the country's dependence on imports.

The last auction was held in March

Before this, the last auction of coal mines was held in the month of March. In that auction, JK Cement had made the highest bid for the Mahan Coal Mine located in Madhya Pradesh. Rungta Sons had made the highest bid for Damuda in Jharkhand and Bull Mining had made the highest bid for Duni Central. The government aims to bring coal imports for the needs of thermal power plants to zero in the next two financial years.

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