Home Big Biz Sixth, seventh rounds of coal mines auction canceled

Sixth, seventh rounds of coal mines auction canceled

The Centre has canceled the sixth and seventh rounds of coal mines auction under which it was planning to put 19 blocks on sale.

The government had earlier announced the auction of 13 blocks under the sixth round for the regulated sectors, including iron and steel, cement and aluminum.

While in the seventh tranche the coal ministry had said it would auction six coking coal blocks for iron and steel industry.

The Centre has canceled the sixth and seventh rounds of coal mines auction under which it was planning to put 19 blocks on sale. According to the notice sent to the bidders by the Coal Ministry, the sixth and seventh tranche of auction stands canceled. However, the reasons for the cancellation has not been specified by the government.

The government had earlier announced the auction of 13 blocks under the sixth round for the regulated sectors, including iron and steel, cement and aluminum.

While in the seventh tranche the coal ministry had said it would auction six coking coal blocks for iron and steel industry.