Nine Coal Blocks on Offer in Fourth Round of Auction

Agen Sabung Ayam

NEW DELHI:  The fourth round of coal mine auctions beginning following month will see 9 mines being set on the block with the Union Govt incorporating one particular a lot more block to the present checklist of 8 mines.

According to the Ministry of Coal, which had kick-began the method last month for the fourth spherical of e-auctioning, has included Bhaskarpara mine in Chhattisgarh to the checklist. It is currently being earmarked for the non-regulated sector, iron and metal, cement and captive power crops, the Ministry of Coal additional.

The proposed spherical of mines auction is slated for January 18-22, 2016.

“It has been made the decision to auction 8 Plan III coal mines earmarked for non-controlled sectors like iron and steel, cement and captive electricity vegetation in the fourth tranche. The e-auction for these mines will be held from January 18 to January 22, 2016,” Anil Swarup, Coal Secretary had earlier informed.

It could be famous that the last 3 rounds of auction have generated proceeds of more than `3 lakh crore, which would be realised over 30 years by states exactly where the mines are positioned.

In addition to Bhaskarapara mine in Chhattisgarh, the coal blocks to be place underneath the hammer are Brahmapuri and Suliyari in Madhya Pradesh, Bundu and Gondulpura in Jharkhand, Gondkhari and Khappa & Extn in Maharashtra and Jagnathpur A and Jaganathpur B in West Bengal.

The Supreme Court in September last 12 months had cancelled the allocation of 204 coal mines to companies with no auction.

The New Indian Specific – Leading Information –