MoC issues tender for allocation of coal mines

The Ministry of Coal has issued a tender for the allocation of coal mines to companies engaged in specific end-use sectors including iron and steel, cement, and captive power plants (CPPs). The successful allottees of the captive coal blocks will be able to sell 25 per cent of their production in the open market at prices fixed by Coal India Limited (CIL). The ministry plans to auction 19 coal blocks, of which 13 will be auctioned in the sixth tranche of auctions for iron and steel, cement and CPPs, while six coking coal blocks will be auctioned in the seventh round for iron and steel.