19 coalmines’ auc­tion likely this quar­ter

Financial Chronicle - - PLAN, POLICY - FC BU­REAU

AF­TER the can­cel­la­tion of coalmines auc­tion twice, the gov­ern­ment is ex­plor­ing cer­tain re­lax­ations for bid­ders and plans to put on sale 19 blocks in the cur­rent quar­ter, a top of­fi­cial has said.

The gov­ern­ment had last year an­nulled the fifth round of auc­tion on ac­count of poor re­sponse from bid­ders.

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

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, he said.

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