India’s Coal Ministry proposes easier auction norm for commercial coal mining

July 4, 2017

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India’s Coal Ministry has decided to adopt a more liberal approach to auctioning coal blocks as part of a strategy to open coal mining to the private sector.
Following a series of consultations with prospective investors, the Coal Ministry has opted for a reverse auction model, instead of a forward auction as envisaged in a working document dealing with the allocation of coal blocks to private miners.

Category: General