New Delhi, Nov 2 (IANS) Finance Minister Nirmala Sitharaman will on Thursday launch the sixth round of commercial coal mines auctions.
According to a statement issued by Coal Ministry, the coal mines to be auctioned are fully-explored and partially-explored coking and non-coking mines.
Coal Minister Pralhad Joshi will also be present on the occasion.
“Details of the mines, auction terms, timelines etc. can be accessed on MSTC (NS:) auction platform,” the statement added.
The auction will be held in online mode through a transparent two-stage process, on the basis of percentage revenue share.
The Coal Ministry has so far auctioned 64 mines under commercial coal mines auction, which was launched in 2020.
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