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Government to auction 8 coal blocks to steel and cement companies

Economic Times:  November, 2015

New Delhi: The government on Thursday said it will auction eight coal blocks with 1,143 million tonnes of reserves to steel and cement firms.

Bidding for the blocks will start on Friday and the last date for submission of bids will be December 31, coal secretary Anil Swarup said. The auction will be held between January 18 and 22 next year, he added.

According to Swarup, the government will allot coal supply from Coal India to states that call tariff bids. He said the government has identified coal blocks for states that agree to be a part of Ujjawal Discom Assurance Yojna.