News Brief | December 2015
Government to e-auction eight coal mines
The government has kick-started the process of online auction for eight Schedule III coal mines earmarked for non-regulated sectors like steel, cement and iron, after already mobilising over Rs 3 lakh crore in the first three rounds of coal auction and allotment.
´The e-auction for these mines will be held from January 18 to January 22, 2016. 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 tomorrow. 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,´ Coal Secretary Anil Swarup 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.