The Coal Ministry has written a letter to the nominated authority who is conducting the coal blocks' e-auction asking for re-examination of the process of these coal blocks.
The government has decided to re-examine bids made for three coal blocks after reports suggested problems with the bidding process. The Coal Ministry has questioned the bid process for these coal blocks which were successfully bid by companies like BALCO which won Gare Palma IV/1, Jindal Power won Gare Palma IV/2 & 3 coal blocks and BS Ispat won three Marki Mangli coal blocks.
The Ministry has written a letter to the nominated authority who is conducting the coal blocks' e-auction asking for re-examination of the process of these coal blocks.
Sources say the nominated authority was to sign agreement papers for the successful bidders of these coal blocks and it will not sign these agreements until the re-examination process is done.
Interestingly, these coal blocks are the ones which have bid the lowest and have won the coal blocks. Jindal Power won Gare Palma IV/2 & 3 at Rs 108 per tonne and Marki Mangli was won by BS Ispat at the lowest price of Rs 918 per tonne in the unregulated sector.
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