Over 100 bidders for coal mine auctions:Goyal

Image
Press Trust of India New Delhi
Last Updated : Jan 20 2015 | 6:15 PM IST
Over 100 bidders have already come forward to participate in the forthcoming coal mine auctions, Coal and Power Minister Piyush Goyal said today.
"More than 100 bidders have already registered on the website to participate in the bidding process," Goyal said.
He was speaking to reporters here after the launch of redesigned websites of Ministries of Power, Coal and New & Renewable Energy.
When asked about the mines allocation to PSUs, he said it would be done very soon. "We are getting details of coal blocks," he said.
The government will put on offer 46 coal blocks and the auction of mines are due next month.
The government on December 25 kick-started the auction process for coal mines that were deallocated by the Supreme Court.
The government has already put on website the list of 17 coal blocks which would be allotted to government companies.
The Minister further said a lot of wrong impression is being sought to be created on the government inviting financial bids along with the technical bids in the first instance.
"There is a deliberate misinformation campaign going on that the government should not invite financial bid along with the technical bid. Some vested interests are trying to propagate the theory that we are trying to restrict the bidding.
Defending the decision, he said that "we can get aggressive bidding right from the beginning".
On US President Barack Obama's forthcoming visit to India, Goyal said India is looking forward to deepening ties with Washington.
"The country attaches a lot of importance to President Obama's visit. It gives great signal of deep engagement and friendship between the two countries and we are looking forward to a very successful, very engaging meeting with him," he said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 20 2015 | 6:15 PM IST

Next Story