New round of coal auction with old and rejected mines, same problems

However, the captive power producer is allowed to sell up to 25% coal if it is surplus, in the open market

The Centre has announced two new rounds of coal auction, after two failed attempts in 2016-17, to allot mines to iron, steel, cement, fertilisers and captive power units. Unlike the successful first three rounds of the coal auction in 2015, there is no mine offered for the power generation sector.

To attract bidders this time, the time period to get all clearances and begin actual production has been relaxed to 66 months from earlier 44. The earlier allotted mines faced delays due to a slow pace of receiving clearances from mine-bearing states. 

Also, the companies would now be required to produce 80