The Business Bytes
TBB BUREAU
BHUBANESWAR, MARCH 25, 2021
As many as 14 coal blocks in Odisha are among the 67 coal blocks which will be auctioned as the Centre on Thursday launched its second tranche of auction of commercial coal mining.
Machhakata, Mahanadi, Nuagaon Telisahi, Ramchandi promotion block, Alaknanda, Bartap, Burapahar, Dip extension of Belpahar, Dip side of Chatabar, Kardabahal-Brahmanbil, Kosala West, Phuljhari east and west, Saradhapur north, Tentuloi located in Talcher and Ib valley, have been identified by the Centre for auction
“The coal mines on offer are a mix of mines with small and large reserves, coking and non-coking mines and fully and partially explored mines spread across six states –Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra and Andhra Pradesh,” the Coal Ministry said in a statement.
While 37 of them have been fully explored, the rest have been partially explored, it added.
Union Coal Minister Pralhad Joshi said the government is moving towards adopting a ‘rolling auction’ mechanism in the future. Coal is the first mineral resource where the Rolling Auction mechanism is being implemented, in which a pool of coal blocks will always remain available for auctions.
