Breaking the 41-year-old stranglehold of state-owned Coal India Ltd (CIL), the government has decided to offer 10 mines for auction as a first step in opening up India’s commercial mining market for coal. This comes seven months after the Centre had announced that the coal mining sector would be opened for commercial mining in 2017-18.
Four coal mines from Odisha are likely to be auctioned in the first phase — Chendipada, Chendipada-II, Mahanadi and Machhakata; four coal mines from Chhattisgarh — Shankarpur Bhatgaon II Extension, Durgapur II/Taraimar, Durgapur II/Sariya, Madanpur (North) — and one each from Madhya Pradesh (Dongri Tal-II) and Jharkhand (Mednirai). “The Centre is yet to decide the timeline to auction these ten coal mines,”
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