The government on Thursday kick-started the process of online auction for eight blocks in the fourth round for sectors like steel, cement and iron.
The government on Thursday kick-started the process of online auction for eight blocks in the fourth round for sectors like steel, cement and iron. The government has already mobilised over '3 lakh crore in the first three rounds of coal auction and allotment.
“It has been decided to auction eight Schedule III coal mines earmarked for non-regulated sectors like, iron and steel, cement and captive power plants in the fourth tranche. The e-auction for these mines will be held from January 18 to January 22, 2016,” coal secretary Anil Swarup said addressing the media here.
Directions have been issued to the nominated authority for auctions, joint secretary, Coal, Vivek Bhardwaj, to conduct the auction, and the notice inviting tenders will be issued on Friday, Mr Swarup said.
“Commencement of sale of tender document will start from December 31 while the vesting order by the nominated authority to successful bidders will be issued by March 10,” the secretary said.
The coal blocks to be put under the hammer include Brahmapuri and Suliyari in Madhya Pradesh, Bundu and Gondulpura in Jharkhand, Gondkhari and Khappa & Extn in Maharashtra and Jaganathpur A and Jaganathpur B in West Bengal. These mines together have reserves totaling 1,143.42 MT.
