The methodology for auction for coal mines and blocks for sale of coal under the provisions of the Coal Mines (Special Provisions) Act, 2015 and the Mines and Minerals (Development and Regulation) Act, 1957 including enabling provisions for Foreign Direct Investment has been approved by the Government and Order in this regard has been issued on 27 February, 2018.

Auction of coal mines for sale of coal is expected to bring efficiency into the coal sector due to increased competition and deployment of best possible technology into the sector. Increased competition in the market will lead to higher domestic production, better utilisation of mining resources for development of India and ensure assured coal supply.

The methodology would ensure distribution of natural resources in a fair and transparent manner within the ambit of existing law.