Latest News | Coal Ministry Plans to Hold Series of Investors Conclave on Commercial Mine Auction

New Delhi, Dec 1 (PTI) The coal ministry on Thursday said it plans to hold a series of investors' conclave at several locations across the country.

The ministry has already organised such conclaves at Indore and Mumbai which saw very good participation from the prospective bidders which shows the enthusiasm among bidders with regard to the ongoing commercial coal mines auction.

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An investor conclave will be held in Bengaluru on Saturday, the coal ministry said in a statement.

Last month, the coal ministry launched the process for sale of 133 coal mines under the sixth round of commercial mines auction.

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In the first five rounds, 64 coal blocks have already been put on sale.

Under commercial auctions, there is no technical or financial eligibility criteria and hence, several bidders who were not into coal mining earlier, became successful bidders and were awarded the coal mines.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)