https://www.taxtmi.com/news?id=4331 The Government has earmarked coal blocks for allocation to government companies, the power sector and auction-selected companies, with allocation to proceed only under the amended statutory framework requiring competitive auction and tariff-based bidding after detailed exploration. The Amendment mandates auction-based grant of reconnaissance permits, prospecting licences and mining leases for coal and lignite, while excluding areas allocated to Government companies and to companies awarded power projects via tariff-based competitive bids; allocations must follow the Amendment and the notified auction rules. en-us Mon, 17 Dec 2012 14:58:03 +0530 Mon, 17 Dec 2012 14:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4331 The Government has earmarked coal blocks for allocation to government companies, the power sector and auction-selected companies, with allocation to proceed only under the amended statutory framework requiring competitive auction and tariff-based bidding after detailed exploration. The Amendment mandates auction-based grant of reconnaissance permits, prospecting licences and mining leases for coal and lignite, while excluding areas allocated to Government companies and to companies awarded power projects via tariff-based competitive bids; allocations must follow the Amendment and the notified auction rules. News - Mon, 17 Dec 2012 14:58:03 +0530 https://www.taxtmi.com/news?id=4331