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Govt to auction coal blocks

Govt to auction coal blocks
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By the end of June 2013, the government plans to conduct its first round of auction of coal blocks to companies belonging to sectors other than power, media reports indicate.

It is learnt that the union coal ministry may auction 6-7 coal blocks during the first round and it has approached the Ministry of Environment and Forests seeking a feedback from it on these blocks.

The coal ministry wants to ensure that these blocks don’t fall in inviolate areas.

It may be recalled that a parliamentary panel criticized the government for undue delays in allotment of coal mines through auction route amid dry fuel crunch faced by the country.

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