Who launched (3rd Nov 2022) the biggest-ever coal mine auction of 141 mines that are expected to benefit twelve states directly?

Amit Shah

Smriti Irani

Rajnath Singh

Nirmala Sitharaman

Correct Answer : Nirmala Sitharaman

Finance Minister "Nirmala Sitharaman" on Thursday(3rd Nov 2022) kicked off sixth round of coal mine auction – the country’s largest ever coal mine auction with 141 mines on the block across eleven states.

As many as 133 coal mines were put up for auction, out of which 71 are new mines and 62 are rolling over from earlier tranches of commercial auctions, according to the ministry of coal. Additionally, eight coal mines under second attempt of fifth round of commercial auctions were included for which single bids were received in the first attempt.

While launching the auction, Finance Minister "Nirmala Sitharaman" said, “A fast growing economy like India needs greater investment in coal production and gasification projects. Globally, energy prices especially that of gas is going up. India is at present the best investment destination in the world. Due to policy consistency and transparent process of the government, coal imports for power sector have come down by 41%.”

Coal and mines minister "Pralhad Joshi" said the ministry is exploring alternative methodology for enhanced use of coal. "Finance ministry has extended ₹6,000 crore incentive for coal gasification and ₹250 crore for exploration process. During the biggest auction undertaken so far, today 141 mines pertaining to eleven states have been auctioned"..

Source : Fortune India

Published On : November 4, 2022

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