Govt to auction 11 coal blocks in 4th round of bidding

Posted By: Religare
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The Indian Government has said that it is planning to auction up to 11 coal blocks in the fourth round of bidding which is likely to start in a fortnight.

Commenting on the issue, Coal Secretary Anil Swarup told the media, "In another 15 days (the fourth phase of coal mines auction may start). About 8 to 11 coal blocks would be auctioned. We have to take a call. There are issues in a few (blocks)."

The proposal for allowing fertiliser makers to bid for the coal blocks is being considered. "That is under consideration. Discussions are on. I can't say what will happen," he added.

As per reports, the Government is planning to auction blocks to the unregulated non-power sectors, including cement, steel and aluminium.

The first three rounds as well as allotment of mines have fetched states over Rs 3 lakh crore.

Story first published: Monday, November 2, 2015, 12:30 [IST]
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