The Government is working on various auction models with regard to sale of coal blocks for commercial mining by private companies, a senior official said on Tuesday.
“We are formulating a proposal detailing the auction models to be considered by an inter-ministerial committee,” Coal Joint Secretary Vivek Bharadwaj said.
An inter-ministerial panel under the chairmanship of coal secretary and members from ministries like power and finance would consider the auction models for commercial mining. The official was speaking on the sidelines of a launch of a book titled ‘India’s Coal Story’.