India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The coal ministry has announced that it had received forty offers for the coal mines up for sale in the ninth round of the commercial auction through offline bidding. In December of last year, the government held its ninth round of auctions for commercial mines.
"The Ministry of Coal has received an overwhelming response for the coal mines offered under the ninth round of commercial coal mine auctions. A total of 40 bids have been received in offline form," an official statement said.
The ninth tranche of the auction was launched for 32 coal mines. The last date for submission of bids was February 19, 2024.
The online bids received as part of the auction process along with the offline bids will be opened today in the presence of bidders.
In 2020, Prime Minister Narendra Modi launched the auction process for 41 coal blocks for commercial mining, a move that opened India's coal sector for private players.
Also Read : MSMEs Must Fully Export Products Made from Concessional Steel: Government Clarifies Visakhapatnam Steel Plant to Reopen Blast Furnace-3 by June-End
Raw material supply to steel units to improve. Transport & logistics infra to be upgraded. Fas...
Business 16-May-2025
The Road Transport and Highways Ministry has requested special permission from the Centre to constru...
Construction 27-Jan-2024
According to Jindal Stainless Ltd, it has completed the acquisition of Evergreat International Inves...
Large Corporate 05-Jun-2024
Italy’s steel output dropped 10.8% in April 2025. High energy costs and weak demand remain ke...
Business 21-May-2025
The Department of Commerce and the Ministry of Steel continue to be in disagreement over how much lo...
Ferrous 04-Jun-2024
Gujarat's development has been propelled by key initiatives such as the Mumbai...
Announcement 10-Jan-2024