The government has answered over 300 queries received for the February auction of coal mines deallocated by Supreme Court in September last year. Speaking to the press, Coal Secretary Anil Swarup said the government is in a position to complete allotment by February 28 as entities have surrendered existing coal linkages. The government will notify allotment of 36 coal blocks while the list of 16 coal blocks which would be allotted to government companies has already been put on the its website. A total of 46 coal blocks are scheduled to go for auction. The Supreme Court had scrapped the allocation of 204 out of 218 coal blocks to various companies since 1993 terming it as ¨fatally flawed¨. The Union Cabinet later approved re-promulgation of the ordinance. and necessary guidelines for mine allocations. In the schedule II mines (in production) category 23 blocks will be auctioned and in the schedule III blocks list (ready to produce) 23 blocks will be put up for offer. Swaroop said the new coal mines may not impact Coal India´s prices.
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