Govt plans to offer 4 coal blocks in first tranche of auction.

The Centre is planning to offer four coal blocks to power sector out of the proposed ten to be auctioned in the first lot through competitive bidding in the first tranche.

'We are planning to offer four coal blocks to the power sector and other six for non-power sectors,' coal secretary S K Srivastava told PTI.

He said that in another one month the government was hoping to concretise the road map for the auction.

The ministry was learnt to have shortlisted some 29 blocks that would be put for auction through competitive bidding route.

Srivastava said the government would auction the coal blocks after deciding on the sectors to be offered.

It was yet to finalise the sectors for which the other six blocks would be offered in the first tranche, he said.


ET