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Coal Ministry to Sign Agreements for Mines Auctioned During 6th Round of Commercial Auctions

in Business March 27, 2023 Comments Off on Coal Ministry to Sign Agreements for Mines Auctioned During 6th Round of Commercial Auctions 331 Views

Newdelhi:27/3/23:The Ministry of Coal will be signing the agreements for  28 coal mines auctioned under 6th round and launching the seventh round of auction of  mines for sale of coal on March 29, 2023.

The Union Minister of Defence, Shri Rajnath Singh, will be the chief guest and will be launching the next round of auction. Union Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi will preside over the event and Minister of State for Coal, Mines and Railways Shri Raosaheb Patil Danve will be the Guest of Honour.

The cumulative PRC of the 28 coal mines which were auctioned under 6th round for which  the agreements are being singed is 74 Million Ton Per Annum ( MTPA) and these mines are expected to generate annual revenue of Rs. 14,497 crores calculated at PRC of these coal mines. Upon operationalisation, these mines are expected to generate employment for one lakh people.

The coal mines being offered under 7th round are a mix of partially explored, fully explored, coking, non-coking, lignite etc. Of the 106 coal mines offered under 7th round, 61 mines are partially explored coal mines and 45 are fully explored ones. There are 95 non-coking coal mines, one coking coal mine and 10 lignite mines being offered under 7th round of auctions.

The commencement of sale of Tender Document shall start from March 29, 2023. Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform. The auction shall be held online through a transparent two stage process, on the basis of Percentage Revenue Share.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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