Tag: Single Window for Coal Auctions
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India: CIL revamps auction structure for coal sales with 2-stage bidding
State-run miner, Coal India Ltd (CIL), has developed a new scheme for conducting coal sales under the auction route by the introduction of a two-stage bidding process. The first stage, similar to the existing model, would be carried out to determine the successful bidder, price and the allocated quantity. The objective of the second stage…