September 16, 2026 07:40 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Gurugram biker crash: Main accused Kalyan Bainsla sent to police custody for 2 days | ‘Just tax collection’: Ashneer Grover slams new UPI charges above Rs 2,000 | India condemns Houthi attack on Saudi Arabia, warns of threat to Red Sea shipping | Gurugram biker hit by car: Two including main accused arrested after viral road rage video, attempt to murder case filed | Gurugram horror caught on camera: ‘I felt unsafe’—car chases, rams woman biker and flees | BRICS veg menu row: ‘Why shouldn’t we showcase it?’—Harsh Goenka hits back after Rahul Gandhi’s ‘80%’ remark | India-UAE Comprehensive Strategic Partnership in focus: Modi meets Abu Dhabi Crown Prince on BRICS sidelines | Xi Jinping lands in India for BRICS; big Modi meeting set for New Delhi | ‘Hospitality on another level’: South African official stunned by India’s BRICS hosting | Suvendu Adhikari eats fish bhog at Kalighat Temple amid Bageshwar Baba row

Coal block auction sees aggressive bidding

| | Feb 20, 2015, at 04:11 am
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.
 
#Coal block auction sees aggressive bidding

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: Modi meets African leaders on BRICS sidelines
In Images: Modi meets African leaders on BRICS sidelines Sep 13, 2026, at 07:20 pm
In Images: PM Modi with BRICS leaders at Bharat Mandapam
In Images: PM Modi with BRICS leaders at Bharat Mandapam Sep 13, 2026, at 05:33 pm
In Images: PM Modi delivers opening remarks at 18th BRICS Summit session
In Images: PM Modi delivers opening remarks at 18th BRICS Summit session Sep 13, 2026, at 05:23 pm
Related Videos
Ramnami tattoos, music and tech: Chaltabagan's ‘Nishan’ takes Durga Puja global Aug 31, 2026, at 07:59 pm
ABVP-Left student groups clash at Jadavpur University in Kolkata Aug 20, 2026, at 11:09 am
Massive fire broke out at plastic factory in Siliguri. No casualties reported. Aug 19, 2026, at 03:47 pm