BHUBANESWAR: The State Government on Tuesday urged the Centre to defer the e-auction of coal block by three months as the market is not conducive due to disruptions caused by Covid-19 pandemic. In a letter to Union Coal Minister Pralhad Joshi, Steel and Mines Minister Prafulla Kumar Mallik said the coal prices in the market remain subdued as compared to last year in view of the extraordinary situation prevailing across the globe. “Going for e-auction of coal blocks in this situation may not attract better price from prospective bidders.
As the coal blocks will be leased out for 30 years, low bid price will have adverse impact on coal revenue,” Mallik said.He requested Joshi to give suitable instructions to authorities concerned to initiate the e-auction process when there is an improvement in the pandemic situation and market becomes suitable. Mallik’s request to defer the coal block auction came a week before the closure of the technical bid on September 29.
