Tweak in policy helps attract 'realistic' bids for coal blocks: Experts

Revenue-sharing model drove interest among larger firms, say experts

Topics
Coal Auction | Adani Group | Coal mines

Subhomoy Bhattacharjee  |  New Delhi 

Coal user industries were able to offer realistic bids in the coal auctions last week because the government had changed the rules of the auction, say industry experts, analysts and government officials.

This could be a valuable lesson for the government, the experts added, as the rules governing the auction of natural resources to companies need not remain fixed. “Despite the global projected over-supply of coal, the domestic industry found there was value in bidding for the mines,” said Ujjwal Chatterjee, former chief operating officer, Tata Sponge. Chatterjee ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 16 2020. 06:03 IST
RECOMMENDED FOR YOU
.