Government to auction 10 coal mines to steel, cement firms in next round

NEW DELHI: The government on Thursday said it will auction 10 coal blocks with extractable reserves of 356 million tonnes to steel and cement companies.

The auction process will begin on June 8 with the government notifying the blocks for different sectors. Bid documents for the blocks will be on sale from that day.

The government will invite technical and financial bids for the mines and the last date for submission of the documents will be July 21.

The auction will take place between August 11 and 17.