Blips in coal auction due to over-enthusiastic bidders: Coal secretary
Coal Secretary Anil Swarup has said the blips during coal auction process were due to “over-enthusiastic” bidders and not because of the government. He, however, formally announced that state governments would soon be allocated mines for commercial mining in a bid to fulfil the requirements of the small-scale sector.
The government is also planning to auction eight more mines after 10 mines are auctioned in the third phase, for which the process has already begun.
To prepare a road map for beginning commercial coal mining, the coal ministry on Wednesday began consultations with stakeholders.
Swarup said, “There were a few blips here and there…those blips were not because of the government. It was on the part of these over-enthusiastic bidders who chose to dig their own graves. I kept telling them (bidders) that I hope everybody is bidding with their eyes wide open. Unfortunately, they aren’t (bidding with their eyes wide open.),” he added.