Adani Enterp. 2475.60↓-158.10(-6.00%)
Adani Ports 718.25↓-15.80(-2.15%)
Apollo Hospitals 4536.45↓-13.95(-0.31%)
Asian Paints 3101.50↓-19.10(-0.61%)
Axis Bank 917.70↑1.55(0.17%)
B P C L 363.30↓-3.30(-0.90%)
Bajaj Auto 4517.60↑19.50(0.43%)
Bajaj Finance 6785.95↑5.40(0.08%)
Bajaj Finserv 1426.45↓-10.80(-0.75%)
Bharti Airtel 801.40↑1.45(0.18%)
Britannia Inds. 4519.80↓-1.85(-0.04%)
Cipla 938.00↑7.60(0.82%)
Coal India 241.00↑1.70(0.71%)
Divi's Lab. 3383.15↓-2.65(-0.08%)
Dr Reddy's Labs 4519.25↑58.70(1.32%)
Eicher Motors 3610.90↑9.30(0.26%)
Grasim Inds 1700.35↑2.40(0.14%)
H D F C 2671.75↓-34.10(-1.26%)
HCL Technologies 1111.95↑4.60(0.42%)
HDFC Bank 1615.80↓-21.40(-1.31%)
HDFC Life Insur. 566.00↑3.30(0.59%)
Hero Motocorp 2738.70↑28.25(1.04%)
Hind. Unilever 2614.95↓-13.35(-0.51%)
Hindalco Inds. 406.90↓-3.40(-0.83%)
ICICI Bank 940.65↓-12.75(-1.34%)
IndusInd Bank 1271.75↑11.55(0.92%)
Infosys 1298.65↓-1.40(-0.11%)
ITC 433.50↑4.35(1.01%)
JSW Steel 696.00↓-8.10(-1.15%)
Kotak Mah. Bank 1910.35↓-11.15(-0.58%)
Larsen & Toubro 2185.15↓-12.50(-0.57%)
M & M 1275.70↑7.15(0.56%)
Maruti Suzuki 9270.75↑70.05(0.76%)
Nestle India 21380.60↓-23.10(-0.11%)
NTPC 174.95↑0.80(0.46%)
O N G C 166.25↑1.25(0.76%)
Power Grid Corpn 235.80↑1.70(0.73%)
Reliance Industr 2440.25↓-14.30(-0.58%)
SBI Life Insuran 1175.35↑9.75(0.84%)
St Bk of India 582.70↑1.10(0.19%)
Sun Pharma.Inds. 952.15↑20.55(2.21%)
Tata Consumer 771.15↑1.10(0.14%)
Tata Motors 520.20↓-8.30(-1.57%)
Tata Steel 105.20↓-0.40(-0.38%)
TCS 3303.35↑6.30(0.19%)
Tech Mahindra 1098.75↑8.25(0.76%)
Titan Company 2707.25↑23.80(0.89%)
UltraTech Cem. 7653.80↓-0.45(-0.01%)
UPL 682.25↑1.60(0.24%)
Wipro 399.70↑2.05(0.52%)

After bold estimates, coal auctions, allotments get Rs 56.84 bn in 3.5 yrs

So far, 58 coal blocks have been allotted to PSUs and 31 auctioned

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Last Updated : Sep 27 2018 | 11:52 PM IST

In March 2015 the Union government said through a press release, "India has hit a gold mine with the recently concluded auction of 29 coal mines in two phases. The public exchequer continues to swell on revenue from coal block auctions. The total proceeds from the coal mines auctions have crossed Rs 1.93 trillion surpassing CAG's estimate of Rs 1.86 trillion losses on account of allocation of 206 captive coal blocks without auction since 1993."

It estimated that revenue of Rs 3.35 trillion would likely flow to states through coal mines e-auctions and allotments. By then, 67 coal mines had been auctioned and allotted.

Prime Minister Narendra Modi was quoted in the same press release saying, "Fetching of over Rs 2 trillion from auction of just 33 coal blocks has shown that policy-driven governance can rid the system of corruption."