The Indian government announced on Friday that more than 100 industry representatives participated in a pre-bid meeting held for the tenth round of commercial coal mine auctions.

According to an official statement, the Ministry of Coal organized the pre-bid meeting chaired by Additional Secretary & Nominated Authority M Nagaraju. The meeting focused on facilitating discussions and clarifications for potential bidders interested in the auction process.

The tenth round of auctions, launched on June 21, 2024, includes the sale of 67 coal blocks. This initiative is part of the government’s efforts to enhance transparency and efficiency in the allocation of coal resources through competitive bidding.

“The participation of over 100 industry representatives underscores the significant interest and anticipation surrounding the auction process,” the statement highlighted.

The commercial coal mine auctions are crucial for attracting investments and fostering growth in the coal mining sector. They provide opportunities for private sector participation in India’s coal industry, aiming to boost production and meet the country’s energy requirements.

Further details regarding the auction timeline, bidding procedures, and regulatory frameworks will be communicated as the process advances.