Govt to meet bidders on Monday for 2nd tranche of commercial coal mine auction

The Centre will meet prospective Bidders on Monday for 67 mines offered for sale in the second tranche of the commercial coal mining auction, industry sources said.

This is the highest number of mines on offer in a particular tranche after the commencement of the auction regime in 2014.

“The Govt has called for a pre-bid interaction on April 26 after it postponed the April 15 meeting. SBI Caps will give a presentation on the tender process while Central Mine Planning and Design Institute and the nominated authority will also be present there.

“As the country is grappling with a raging second wave of COVID-19 cases, a final call on the number of coal blocks that may go under the hammer may be taken during the meeting ,”