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Construction : Web Exclusive | August 2017 | Source : Equipment India

Poor response to coal mines auction; govt cancels fifth round

Poor response from bidders has forced the government to annul the fifth round of coal mines auction. The government in a notice to the bidders, said, “The tender process for the coal mines being auctioned under fifth tranche of auction of coal mines has been terminated in accordance with Clause 3.3.2(b) of the tender document”.
Thus, the tenders of six mines will stand terminated, the notice said.
Six coking coal blocks were to undergo for bidding in the fifth round, five of which are in Jharkhand and one in Madhya Pradesh. These include Brahmadih, Choritand Tiliaya, Jogeshwar and Khas Jogeshwar, Rabodih OCP and Rohne in Jharkhand, and Urtan North in Madhya Pradesh.
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