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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.
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