Additional incentives in underground mine auction under discussion

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Additional incentives in underground mine auction under discussion - Business Standard

Quick Summary:

Government officials acknowledged that underground mining had its "fair share" of challenges but was a thrust area for the government due to its sustainable footprint compared to open-cast mining and minimal displacement.

A total of 65 bids were received against 15 coal mines offered in the 11th round.

He added that he does not foresee an impact in the next five to ten years as there is a demand-supply gap, and Coal India is also improving efficiencies and production parameters.