India proposes to adopt rolling coal auctions

India proposes to adopt a ‘rolling auction’ mechanism for conducting coal auctions, under which a pool of coal blocks will always remain available for auctions, coal minister Pralhad Joshi said on Thursday.

“With rolling auctions, we will upload a comprehensive list of mines along with key technical data and bidders can submit their preferences for the mines to be included in the next tranche of auction. This would be a continuous process and would result in expediting the auction setup. Moreover, it will also help bidders in planning better and would further enhance transparency in the system,” Joshi said.