India to auction 19 coal mines this quarter – Coal Secretary

India to auction 19 coal mines this quarter – Coal Secretary

Asian Age quoted a top official as saying that after the cancellation of coal mines auction twice, the government is exploring certain relaxations for bidders and plans to put on sale 19 blocks in the current quarter. The government had last year annulled the fifth round of auction on account of poor response from bidders.

Mr Susheel Kumar Coal Secretary told PTI that “Yes we are wanting to do the next round of coal block auction. This is probably the right time.” Mr Kumar added that “So in this quarter, it (coal block auction) should happen.”

He said that of the 19 blocks to go under the hammer, 6 have been identified for the steel sector while the remaining 13 mines are for non-regulated sectors like cement, sponge iron and captive power. Read More

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