Second round of coal mine auctioning starts Nov 2, 19 blocks on offer

Senior officials said the technically qualified bidders will be announced two hours prior to the bidding on Monday

The auctioning of coal mines for commercial mining and sale of coal will commence on November 2, with 19 coal blocks going under the hammer. This will be the second and final round of the auction process wherein interested bidders will submit their financial bids in real-time on an online platform. This is the first time India is offering coal mines to private companies for commercial sale.

Adani Enterprises (AEL) through its various companies, Hindalco, Jindal Power, JSW Steel, Vedanta, and Welspun Steel, are in the fray for these mines. There are various non-coal companies, medium-sized enterprises, and state government