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Nov 29, 2022, 03.00 PM

Coal Ministry to conduct Investor Conclave in Mumbai

To boost bidder participation in the commercial auction of coal mines, Ministry of Coal is organising an investor conclave on December 01, 2022 in Mumbai.

Deputy Chief Minister Devendra Fadnavis will be the Special Guest and Minister of State for Coal, Mines and Railways, Raosaheb Patil Danve and Minister of Mining for Maharashtra, Dadaji Bhuse will be the Guest of Honour of the function. 

Ministry of Coal launched the process for auction of 133 coal mines under 6th round of commercial auctions of which 71 coal mines are new coal mines and 62 coal mines are rolling over from earlier tranches of commercial auctions held in November 2022. Additionally, eight  coal mines under 2nd attempt of 5th round of commercial auctions were also launched where single bids were received in the first attempt.

Under commercial auctions, there is no technical or financial eligibility criteria and hence, several bidders who were not into coal mining earlier, became successful bidders and were awarded the coal mines.

To boost bidder participation in the commercial auction of coal mines, Ministry of Coal is organising an investor conclave on December 01, 2022 in Mumbai. Union Minister of Coal, Mines and Parliamentary Affairs, Pralhad Joshi will Chair and  Chief Minister of Maharashtra, Eknath Shinde will be the Chief Guest.  

Deputy Chief Minister Devendra Fadnavis will be the Special Guest and Minister of State for Coal, Mines and Railways, Raosaheb Patil Danve and Minister of Mining for Maharashtra, Dadaji Bhuse will be the Guest of Honour of the function. 

Amrit Lal Meena, Secretary, Ministry of Coal and Vivek Bhardwaj, Secretary, Ministry of Mines will  also participate in the Conclave.

The list of mines has been finalized post detailed deliberations. Mines falling under protected areas, wildlife sanctuaries, critical habitats, having forest cover greater than 40%, heavily built-up area etc. have been excluded. 

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