Millennium Post

‘More than 74 blocks to be auctioned in 1st phase’

The government in a day or two will finalise the number of coal blocks to be auctioned or allotted over and above the 74 mines that will be put up for sale in the first lot of bidding on 11 February, an official said on Monday.

The government had last week announced auctioning of 74 blocks in the first phase, including 42 blocks, which are already into production and 32 which are ready for production.

Now, government is considering auctioning or allotting more than 74 blocks in the first phase. The government wants enough number of coal blocks to be made available for power firms because 74 mines are seen as insufficient for the sector.

'In a day or two the government will decide how many more mines can be auctioned or allotted,' Coal Secretary Anil Swarup said.

The government is in the process of finalising the exact number of additional mines on the basis of the nature of the  blocks. The final call regarding allotment or auction will be taken in a couple of days, he said.
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