NEW DELHI: The fourth spherical of coal mine auctions starting up next month will see 9 mines getting set on the block with the Union Authorities introducing one particular far more block to the present list of 8 mines.
According to the Ministry of Coal, which experienced kick-started the procedure very last thirty day period for the fourth spherical of e-auctioning, has included Bhaskarpara mine in Chhattisgarh to the listing. It is currently being earmarked for the non-controlled sector, iron and steel, cement and captive energy vegetation, the Ministry of Coal additional.
The proposed round of mines auction is slated for January 18-22, 2016.
“It has been decided to auction eight Schedule III coal mines earmarked for non-regulated sectors like iron and steel, cement and captive electrical power vegetation in the fourth tranche. The e-auction for these mines will be held from January eighteen to January 22, 2016,” Anil Swarup, Coal Secretary had previously knowledgeable.
It may possibly be famous that the very last 3 rounds of auction have generated proceeds of more than `3 lakh crore, which would be realised more than thirty many years by states exactly where the mines are situated.
Apart from Bhaskarapara mine in Chhattisgarh, the coal blocks to be put below 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 docket in September previous 12 months experienced cancelled the allocation of 204 coal mines to companies without auction.