Coal ministry plans to hold series of investors conclave on commercial mine auction

The coal ministry on Thursday said it plans to hold a series of investors conclave at several locations across the country. An investor conclave will be held in Bengaluru on Saturday, the coal ministry said in a statement. Last month, the coal ministry launched the process for sale of 133 coal mines under the sixth round of commercial mines auction.

The coal ministry on Thursday said it plans to hold a series of investors' conclave at several locations across the country. The ministry has already organised such conclaves at Indore and Mumbai which saw very good participation from the prospective bidders which shows the enthusiasm among bidders with regard to the ongoing commercial coal mines auction. An investor conclave will be held in Bengaluru on Saturday, the coal ministry said in a statement. Last month, the coal ministry launched the process for sale of 133 coal mines under the sixth round of commercial mines auction. In the first five rounds, 64 coal blocks have already been put on sale. 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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)