The Union government has initiated auction of coal blocks by inviting applications for the first time, for allocating coal blocks through competitive bidding for specified end uses. The Ministry of Coal has offered three coal blocks for the auction. The Jhirki & Jhirki (West) of East Bokaro Coalfield, Jharkhand has approximate geological reserves of 267.91 mt (coking coal) for steel (blast furnace). Andal Babuisol of Raniganj Coalfield, West Bengal has approximate geological reserves of 103.841 mt for sponge iron. Tokisud-II of South Karanpura Coalfield, Jharkhand has approximate geological reser-¡ves of 127.692 mt for cement.
The bidders are required to bid above the prescribed floor price. The detailed documents including RFP, copy of the geological report, etc are available for sale at Central Mine Planning and Design Institute Limited (CMPDIL) Office, Ranchi.
Government starts auction of coal blocks
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