The coal ministry has decided to outsource the entire bidding process for auction of over 50 coal blocks that hold an estimated 18,000 million tonnes in reserves.
The ministry will soon hire a consultant to finalise the bid documents, carry out the bidding exercise. The task of inviting global bids and selecting a consultant has been given to Central Mine Planning & Design Institute Ltd (CMPDIL), a Coal India subsidiary that specialises in coal block exploration, research and development.
According to reports, the ministry will auction the blocks on upfront payment basis. Bidding in the first round will be done for blocks in Chhattisgarh, Jharkhand, Maharashtra, West Bengal, Orissa, Madhya Pradesh and Andhra Pradesh.
....more info
The ministry will soon hire a consultant to finalise the bid documents, carry out the bidding exercise. The task of inviting global bids and selecting a consultant has been given to Central Mine Planning & Design Institute Ltd (CMPDIL), a Coal India subsidiary that specialises in coal block exploration, research and development.
According to reports, the ministry will auction the blocks on upfront payment basis. Bidding in the first round will be done for blocks in Chhattisgarh, Jharkhand, Maharashtra, West Bengal, Orissa, Madhya Pradesh and Andhra Pradesh.
....more info