India’s Coal Ministry has extended the timelines for various stages of auctioning 18 coal blocks that got underway on Wednesday and has also relaxed some terms and conditions for successful bidders.
The auction of the coal blocks for users in steel, cement and captive power generation sectors started on December 19, and the Coal Ministry on the very day extended the last date for submission of technical bids until January 2, while price bids for the assets will be held between January 14 and 27.