The government will put on the block eight more mines after 10 mines are auctioned in the third phase, a top official said. ÃÂĻAfter these 10 mines (to be auctioned in third round in August), eight more mines are in the queue,ÃÂĻ Coal Secretary Anil Swarup said. Swarup said keeping in mind plans to ramp up countryÃÂīs coal production to 1.5 billion tonnes by 2020, there is a plan for hiring manpower to mine the blocks.
The Coal Ministry had earlier this month kick started the process to auction 10 coal blocks in the third tranche, inviting bids from companies engaged in sectors like steel, cement and captive power generation. The government has so far auctioned 29 coal blocks. The third round of auction will take place between August 11-17.
Leave a Reply
You must be logged in to post a comment.