‘Round four of coal block auctions likely in 15 days’

New Delhi, Oct 30 (IANS) The government plans to auction 11 coal blocks in a fourth round of bidding that is likely to start in another 15 days, Coal Secretary Anil Swarup said on Friday.

“In another 15 days, about 8 to 11 coal blocks would be auctioned. We have to take a call. There are issues in a few blocks,” Swarup told reporters on the sidelines of a conference here.

Coal and Power minister Piyush Goyal recently said that preparations for the fourth round of auctions were in the final stages.

The first three rounds of auctions as well as allotment of mines, whose previous allotments had been cancelled by the Supreme Court last year, had brought the mine bearing states total revenues of over Rs.300,000 crore.

The mines up for auction are all “captive” category, for use by the unregulated sector to manufacture products like cement, aluminium, steel and iron.

Though the auction of 10 mines were listed for the third round that took place in August, legal and other issues forced the government to put up only three mines for bidding, leading to the realisation of around Rs.4,300 crore from the last round.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here