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Hope cos are bidding for coal blocks with eyes open: Swarup

In less than a week, auctions of 11 blocks for the power sector have netted around Rs 60,000 crore. In all, 204 coal blocks will be auctioned in a phased manner, following the Supreme Court‘s order canceling the earlier allocations.
Coal ministry releases approach paper for e-auction

There would be two methods of bidding for auction of coal blocks â€“ forward bidding for unregulated sectors like steel, cement and captive power and reserve bidding for specified end use for power generation.

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Forward Bidding

Hope cos are bidding for coal blocks with eyes open: Swarup

Coal ministry releases approach paper for e-auction