Business

Govt to make fresh attempt at coal mine auction; with relaxations this time

was also confirmed by the Coal Ministry top official.

The central the government is exploring certain relaxations for bidders for its plans to put on sale 19 coal blocks in the current quarter.

This was also confirmed by the Coal Ministry top official.

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

the 19 blocks to go under the hammer, there are six which have been identified for the steel sector while the remaining 13 mines are for non-regulated sectors like cement, sponge iron and captive power.

The government is now looking to provide certain relaxations as part of its bid to attract bidders and ensure successful round of auctions.

The transparency will also be ensured in the mining auction process.

In December 2015, the government had annulled the fourth round of coal mine auctions planned for January 2016.

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