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Bidders 'distressed' over delay in coal ministry's nod to relax mining limit
The Morning Standard
|January 06, 2024
THE excessive delay in commencing the excavation process from coal mines allocated through the commercial auctions by the Centre has raised concerns causing disquiet among the successful bidders.
The sixth tranche of such an auction for coal mines launched in November last year got an excellent response (bids received for 32 mines) as the reforms in the coal sector looked promising. However, the delay is said to be causing a loss of around ₹40 crore per month to the state exchequer in terms of statutory and revenue share payments from each yet-to-start mining auctioned coal mine. Besides, it may lead to delay in supply of coal to the thermal plants, the bidders said.
Diese Geschichte stammt aus der January 06, 2024-Ausgabe von The Morning Standard.
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