The online auction of coal blocks for commercial mining and sale for private companies will commence in October and final winners declared in November, said a government’s notice on Saturday. The Centre has also extended the deadline for various processes under the auction including a site visit, sale of tender documents, and submission of technical bids.
In a revised schedule shared on e-commerce portal of MSTC, the nominated authority for coal auction, the last date of submission of queries by bidders has been extended to September 11. The first deadline expired on July 23. In earlier comments submitted to the ministry of coal, several investors raised concerns about the timing of the auction citing Covid-19 as the dampener.
