The government will release a discussion paper this month for framing rules and regulations to auction coal blocks for commercial mining by private players, a top official said today.
Commercial mines are alloted without specifying the end use and allow private entities to sell the fuel to buyers across sectors such as power, cement and steel.
The government has identified four coal blocks which would be put up for auction in the next fiscal.
The Coal Ministry will come out with the discussion paper this month and it will contain the procedure of auction of coal blocks, eligibility criteria and other issues, Coal Secretary Susheel Kumar told PTI. Read More…
Credit By : Energy.Economictimes.Indiatimes.com
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