December 28, 2025 04:15 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
CBI moves Supreme Court challenging Kuldeep Sengar's relief in Unnao rape case | Music under attack: Islamist mob attacks James concert with bricks, stones in Bangladesh, dozens hurt | Christmas vandalism sparks mass arrests in Raipur; Assam acts too with crackdown on 'religious intolerance' | BJP's VV Rajesh becomes Thiruvananthapuram Mayor after party topples Left's 45-year-rule in city corporation | ‘I can’t bear the pain’: Indian-origin father of three dies after 8-hour hospital wait in Canada hospital | Janhvi Kapoor, Kajal Aggarwal, Jaya Prada slam brutal lynching in Bangladesh, call out ‘selective outrage’ | Tarique Rahman returns to Bangladesh after 17 years | Shocking killing inside AMU campus: teacher shot dead during evening walk | Horror on Karnataka highway: sleeper bus bursts into flames after truck crash, 9 killed | PM Modi attends Christmas service at Delhi church, sends message of love and compassion

Coal block auction sees aggressive bidding

| | Feb 20, 2015, at 04:11 am
#Coal block auction sees aggressive bidding
New Delhi, Feb 19 (IBNS): Indian metal and cement companies have bid aggressively for coal blocks in the country's first auctions to sell mines, reports said on Thursday.
Four days after the coal block auctions began for the initial lot of 18 mines, the offers reportedly crossed Rs 60,000 crore on Thursday.
 
The Indian companies are bidding aggressively to cut imports and their dependence on inefficient government monopoly Coal India Ltd. 
 
Earlier, the Supreme Court in September last year had cancelled the allotment of 214 coal mines to various companies since 1993. 
 
In October, it had also issued an Ordinance to facilitate fresh allotment through auction.
 
The UPA government had only allowed the e-auction of coal and not mines.
 
Earlier Finance Minister Arun Jaitley had said that the entire process of re-allocation would be completed within three to four months.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
In Images: PM Modi pays heartfelt tribute to Atal Bihari Vajpayee on 101st birth anniversary at Rajghat
In Images: PM Modi pays heartfelt tribute to Atal Bihari Vajpayee on 101st birth anniversary at Rajghat Dec 25, 2025, at 02:05 pm
In Images: Inside PM Modi’s Christmas visit to Delhi church
In Images: Inside PM Modi’s Christmas visit to Delhi church Dec 25, 2025, at 12:26 pm
In Images: PM Modi, Oman’s Sultan witness MoU exchange
In Images: PM Modi, Oman’s Sultan witness MoU exchange Dec 19, 2025, at 12:06 am
Related Videos
#bangladesh: Hindu Man Lynched, Set Ablaze as Islamist Mob Runs Riot After Youth Leader’s Killing Dec 22, 2025, at 04:31 pm
PM #Modi witnesses soulful rendition of #vandemataram by Ethiopian singers in #Ethiopia Dec 22, 2025, at 04:30 pm
Moment Sydney Bondi beach shooter was disarmed by brave man in civilian clothes Dec 22, 2025, at 04:29 pm