The centre on December 5, 2019 has approved allocation of five coal blocks, including two to Birla Corporation and one each to Vedanta Ltd, Prakash Industries Ltd and Powerplus Traders Pvt Ltd, and said the mines will generate a revenue of Rs 17,136 crore for the government. For the first time, the successful bidders shall have the flexibility to sell 25 per cent of the coal produce in open market.
The ministry of coal, after a long gap of four years, has approved the allocation of coal mines. This was the result of the auction conducted by the centre in November 2019. The ministry had initiated the auction process for 27 coal mines for non-regulated sectors.
