The third phase of coal auction started today with Bhaskarpara and Marki Mangli coal blocks up for the offer. Coal Secretary Anil Swarup tweeted that auction started at 11 am.<br/><br/>After clearing the technical bidding stage, JSPL, Crest Steel and Power, Godawari Natural Resources, Grace Industries, Lloyds Metals and Energy and Top worth Urja & Metals became eligible to bid for these two blocks.<br/><br/>Extractable reserves of Marki Mangli-I mine are 9.96 million tonnes (MT), and the figure for Bhaskarpara is 24.06 MT.<br/><br/>Chitarpur mine in Jharkhand will be on the block tomorrow while Parbatpur Central mine in Jharkhand and Majra in Maharashtra are marked for Thursday. The schedule for the auction of Jamkhani coal mine in Odisha will be announced at a later date due to a court case. <br/><br/>The government had earlier said it will auction 10 coal mines for steel, cement as well as captive power plants. It has so far auctioned 29 coal blocks in two tranches to private companies and garnered over Rs 2 lakh crore, surpassing CAG's loss estimate of Rs 1.86 lakh crore in allotment of mines earlier without auction.
News On AIR | August 11, 2015 12:15 PM
Third phase of coal auction starts today