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Auction of coal blocks likely in March: Jaiswal

The government is likely to hold coal block auction in March next year, Union Minister Sriprakash Jaiswal said on Tuesday.

He also said the government is not considering giving back the 11 coal blocks deallocated recently. 'The auction of coal blocks may happen by March next year,' the Coal Minister said. Earlier he had expressed the hope that the auction would happen in December. An official had said earlier that the government's aim was to auction 10 blocks in the first tranche instead of six planned initially. The Coal Ministry had asked CMPDIL, the mine planning and consultancy company of CIL, to assess the reserves of four more mines and submit its report by next year.
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