Government receives bids for coal blocks in 14th round of commercial coal auctions
NEW DELHI: The government received bids for 24 of the 41 coal blocks on offer in the 14th round of commercial coal block auctions, the Union ministry of coal said in a statement on Tuesday.
It said a total of 49 bids were received for the 24 coal blocks from 11 companies participating in the auction process, including five new entrants bidding for the first time, reflecting “sustained industry interest” in India’s commercial coal mining framework. This was also the first time that provisions for underground coal gasification were introduced in commercial coal mine auctions.
