The NDA Govt will auction 10 coal mines in its third round of auctions
between August 11 and 17, Coal Secretary Anil Swarup announced on
Thursday June 04,2015
The 10 coal mines being offered to the unregulated sector like cement, steel etc. are all explored mines with extractable reserves of 356 million tonnes, Mr Swarup said.
The auctions would be conducted on the lines of the previous two rounds except for the fact that multiple bids of a single entity will be treated as one, in the third round of coal block auctions.
Out of 10 coal mines up for auctions - four are in Maharashtra, two each in Jharkhand and Chhattisgarh, and one each in Odisha and Madhya Pradesh
Note
The NDA Govt has so far garnered over Rs 2 lakh crore by auctioning just 29 blocks in two phases, surpassing the presumptive loss of Rs 1.86 lakh crore estimated earlier by government auditor CAG or Comptroller Auditor General for allotment of mines without auction
In the first two rounds of the auction of 29 coal blocks, the NDA Govt had garnered Rs 2.09 lakh crore and the entire money would go to the state governments where the mines are located.
The 10 coal mines being offered to the unregulated sector like cement, steel etc. are all explored mines with extractable reserves of 356 million tonnes, Mr Swarup said.
The auctions would be conducted on the lines of the previous two rounds except for the fact that multiple bids of a single entity will be treated as one, in the third round of coal block auctions.
Out of 10 coal mines up for auctions - four are in Maharashtra, two each in Jharkhand and Chhattisgarh, and one each in Odisha and Madhya Pradesh
Note
The NDA Govt has so far garnered over Rs 2 lakh crore by auctioning just 29 blocks in two phases, surpassing the presumptive loss of Rs 1.86 lakh crore estimated earlier by government auditor CAG or Comptroller Auditor General for allotment of mines without auction
In the first two rounds of the auction of 29 coal blocks, the NDA Govt had garnered Rs 2.09 lakh crore and the entire money would go to the state governments where the mines are located.
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