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Haryana To Float Fresh Tender For Coal Mine

Industry Mining

Haryana will float fresh tenders with a steeply higher reserve price to re-allott a coal mine following a direction from the Punjab and Haryana High Court, which found several “infirmities” in the previous allocation process. The state had in 2015 allotted the 59.60-hectare block at Dadam in Bhiwani at a reserve price of Rs 6.25 cr. In the new round to reallot it, bidding will start at Rs 115 crore.

Extracted from ET, June 30,’17

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