Tuesday 1 May 2012

Bidding of Coal Blocks

25-April-2012,The Government has notified ‘the Auction by Competitive Bidding of Coal Mines Rules, 2012’on 02.02.2012 in the Gazette of India. This was informed by Shri Pratik Prakashbapu Patil , Minister of state in the Ministry of Coal while replying a written question in Lok Sabha today. 

The minister said that the 54 coal blocks with total Geological Reserves of about 18.22 Billion Tonnes (BT) are identified for allocation, out of which 16 blocks with 7.27 BT reserves for Govt. companies, 16 blocks with 8.16 BT for power sector companies selected through tariff based bidding and 22 blocks with 2.79 BT for companies selected through auction have been earmarked for allocation. 

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