The allocation of coal blocks for commercial mining will be delayed as the nominated authority to conduct the auction has sought additional information and clarification on the technical bids submitted by bidders.
The nominated authority has sought “supplemental information” and “additional clarification” on the technical bids submitted by the bidders, causing a delay, according to the auction website.
The government received bids for 23 of the 38 coal blocks for commercial mining. A total of 42 domestic companies submitted bids.
The technical bids were submitted on September 29 and are being examined by the authority. It was supposed to evaluate the financial bids from October 19 and a technical evaluation committee will make final offers to the qualified bidders by November 9.
