Only 6 of explored coal blocks in India to come under hammer

PTI citing ministry sources, reported that of the twelve coal blocks explored so far, only six would be put up for auction in India due to various reasons.

The report quoted a source in the coal ministry as saying that “In total 12 coal mines are explored, but we would be able to put up for auction only six blocks. We would not be able to auction other six explored mines for reasons like some of them being Coal Bed Methane blocks, among others.”

The Indian coal ministry has identified 54 new coal blocks for auction to the bidders for captive use in different sectors including 16 for power and 12 for steel. Of the 54 coal mines identified to be allocated through auction and government dispensation route, only 12 have been explored so far

Source - PTI

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