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Government launches the next Tranche of Auction of Coal Mines for Sale of Coal
Oct 12: 8Ministry of Coal has launched the auction process of 40 new coal mines (21 new mines under CM(SP) Act and 19 new mines under the Tranche 3 of MMDR Act).
 8With coal mines rolling over from previous tranche, there shall be a total of 88 coal mines on offer
8These mines will help in generating Rs. 29,240 crores of annual revenue at peak rated capacities (PRC).
8It will also facilitate a capital investment of Rs. 42,304 crores for operationalising the coal mines and will provide employment to 3.81 lakh people
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