India Atmanirbhar Bharat: PM Modi launches process for commercial bidding of coal mines Updated : June 18, 2020 03:20 PM IST PM Modi said that commercial coal mining auction is an event in challenging times. India despite being the world's second-largest producer of coal wasn't exporting it. India has fourth-largest coal reserves and is the second-largest producer of coal. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.