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Second round of coal auction to be held on March 4

Last Updated 24 February 2015, 17:06 IST

 The Ministry of Coal has put off the second round of auction of 21 coal blocks to early next month. “The auction of mines in the second tranche was earlier scheduled to begin from February 25 will likely to be held start on March 4," an official said. The government decided to defer the auction following petitions in Delhi High Court.

The government has received 130 preliminary bids from companies like Essar Power, Hindalco, Adani Power and Jindal Power for 21 coal blocks on offer in the second tranche of ongoing auction.

Announcement of qualified bidders will be announced on March 2 and an auction will be held from March 4-8, said Anil Swarup, Secretary, Ministry of Coal. The auction of the entire coal blocks will be completed by April 2. The government has already sold 19 coal blocks in the first lot of coal auctions in which the coal rich states are set to receive over Rs 1 lakh core.

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(Published 24 February 2015, 17:06 IST)

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