August 13, 2015 7:22 AM

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Coal auction hits legal, other roadblocks; 1 mine on offer today

Coal block auctions ran into legal and other roadblocks today, forcing the government to defer auction of one mine and withdraw another from the third tranche with players Hindalco, JSPL and Vedanta in the fray. The government deferred the auction of Chitarpur coal mine in Jharkhand because of a court case, which was scheduled to start today.<br/><br/>The other coal block — Parbatpur Central Coal Mine in Jharkhand — has been withdrawn from the process on representation that it contains gas. A notice to this effect was issued to the bidders of Parbatpur Central and Chitarpur Coal Mine by the Coal Ministry. The date of e-auction of Chitarpur Coal Mine, the notice said, will be intimated later. <br/><br/>Companies like Hindalco, Jindal Steel and Power Ltd (JSPL) and Vedanta were in the fray for Chitarpur coal mine after qualifying technical bidding. Firms like JSW Steel, Rashtriya Ispat Nigam, SAIL were in the fray for Parbatpur Central Coal Mine. An ministry official said that now there will be auction of only Majra mine in Maharashtra tomorrow.

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