auction

NEW DELHI:The government will likely offer 62 coal blocks for commercial mining of the fuel in an auction set to be launched next week.  Newly-appointed coal minister G. Kishan Reddy has directed officials to ensure complete transparency and revenue maximization, according to a statement. "During the 10th round of auction, about 62 blocks are likely to be offered without end-user restrictions. Coal produced from these commercial blocks is permitted to be sold by the allocattee in free market," the statement added. Commercial coal block auctions were first started in 2020. Since then, in nine rounds, the ministry has auctioned 107…