Day 1 of auction of coal mines witnesses strong & healthy competition among bidders

First day of auction of coal mines for sale of coal saw strong and healthy competition among the bidders. Ministry of Coal had launched the auction of coal mines for commercial mining on 18th June pursuant to a two stage forward auction process, wherein the bidders have to bid for the percentage revenue share over the reserve price.   The blocks put on auction by Ministry of Coal generated wide interest from bidders who had submitted their bids for various blocks on offer. The technical bids sub...