Indian Coal Ministry has postponed Schedule III auction to 2 Mar’15, which was previously scheduled on 25 Feb, 2015.
The government has postponed Schedule III auction to 2 Mar’15 that has 19 coal blocks on the list. The Delhi High Court had asked the government for this delay because Sarda Energy hearing was already scheduled on 27 Feb’15.
Previously, Sarda Enery had filed a petition against the auction process laid down by the government. In addition the company also asked for some clarity on methodology of initial offer price (IPO) and criteria of selecting top 50% bidders for final offer price (FOP).
Currently, the ministry has put announcement of qualified bidders on a halt and decided to announce the same on 2 Mar’15. The e-auction will start on 4 Mar’15 and expected to complete by 8 Mar’15.
A senior official from Coal Ministry said, “The ministry will wait till the final hearing of Delhi High Court scheduled on 27 Feb’15. There should not be any delay because process of auction is ongoing; it’s only the public announcements those are not being made.”
List of Coal Blocks Schedule III
| SN | Block Name | Erstwhile Holder | State | End Use Project |
| 1 | Durgapur II/Taraimar and Durgapur II/Sariya | DB Power Ltd. & BALCO | Chhattisgarh | Power |
| 2 | Mandakini | Monet Ispat and Energy | Odisha | Power |
| 3 | Utkal-C | Utkal Coal (formerly ICCL) | Odisha | Power |
| 4 | Jitpur | JSPL | Jharkhand | Power |
| 5 | Ganeshpur | Tata Steel | Jharkhand | Power |
| 6 | Tara | CG Development Corporation | Chhattisgarh | Power |
| 7 | Moitra | Jayaswal Neco | Jharkhand | Iron & Steel, Cement & CPP |
| 8 | Rohne | JSW Steel | Jharkhand | Iron & Steel, Cement & CPP |
| 9 | Gare-Palma Sector-IV/8 | Jayaswal Neco | Chhattisgarh | Iron & Steel, Cement & CPP |
| 10 | Mandla-South | Madhya Pradesh State Mining Corporation | Madhya Pradesh | Iron & Steel, Cement & CPP |
| 11 | Dongeri Tal-II | Madhya Pradesh State Mining Corporation | Madhya Pradesh | Iron & Steel, Cement & CPP |
| 12 | KosarDongergaon | Chaman Metaliks | Maharashtra | Iron & Steel, Cement & CPP |
| 13 | Nerad Malegaon | Gupta Metallics & Power | Maharashtra | Iron & Steel, Cement & CPP |
| 14 | MarkiMangli-IV | Veerangana Steel | Maharashtra | Iron & Steel, Cement & CPP |
| 15 | Jamkhani | Bhushan | Odisha | Iron & Steel, Cement & CPP |
| 16 | Brinda and Sasai | Abhijeet Infrastructure | Jharkhand | Iron & Steel, Cement & CPP |
| 17 | Meral | Abhijeet Infrastructure | Jharkhand | Iron & Steel, Cement & CPP |
| 18 | Dumri | Nilachal Iron & Power Generation | Jharkhand | Iron & Steel, Cement & CPP |
| 19 | Lohari | Usha Martin | Jharkhand | Iron & Steel, Cement & CPP |
Source: SteelMint Research
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