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Coal ministry amends bidding document on 3 blocks

Coal ministry amends bidding document on 3 blocks
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The Coal Ministry has made amendments in certain clauses of the bidding document pertaining to the three coal blocks put for auction. The development follows the bidders raising concerns on various issues with regard to the mines put up for sale.

In the earlier bidding document there was a clause which said that consortium should be limited to a maximum number of four entities. However, following the amendment it would now be six entities, the document said.

The earlier clause had said that each consortium member should have a minimum of 20 per cent share in the consortium, and following changes it stated that "each consortium member should have a minimum of 10 per cent share in the consortium," it added.

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