En20120724001.jpg
About us Advertisement service Contact us Into the Chinese
Home Macro-economy Steel News Raw Material Equipment & Technology Steel End-users Products
Steel News Daily
Steel News
India’s Steel Ministry seeks to relax coal block auction rules
  Release time: 2017/07/24 17:38:00  Author: 

Stung by the lack of response to the auctioning of coking coal blocks exclusively for steel companies, India’s Steel Ministry is seeking to tweak the auction rules.


The Steel Ministry has started work in conjunction with its counterparts in Coal Ministry to ensure certain auction rules are made less stringent.

The move comes close on the heels of the Indian government last week, indefinitely deferring the auction of five coking coal blocks in eastern Indian province of Jharkhand, a government official said. He said that the five coking coal block had been reserved to be allocated to steel companies.


Although no official reason was cited for the deferment of the coal block auction, industry sources say this was done as the government realised that the auction will likely fail to get a favourable response from bidders or that the valuations are likely to be poor.
The sources say that in the government’s assessment, considering the poor financial state of most domestic steel producers, they will not be able to commit large investments necessary to secure raw material assets through competitive bidding.


However, evaluating the deferment of the auction by the Coal Ministry, the Steel Ministry has taken a stand that the stipulation that there should be a minimum of three valid bids for each coal block should be relaxed.


Given the limited number of steel companies that could participate in the auctions, the Steel Ministry acknowledges that the number of bidders is always going to be limited.


Hence, fears of low participation and the possibility to less than the minimum three bids coming in, should not lead to deferment of the auction process, the Steel Ministry states, adding that the vigilance oversight should also be relaxed to preclude possible negative charges in case a coal block is allotted even if just two valid bids were received in course of the auction process.


The Ministry wants a coal block allocation to be allowed, even if there is just one bid.


The Coal Ministry needed to ensure that the auction was transparent and rules adhered too and this did not necessarily be linked to the number of bids, the Steel Ministry is reported to have said.


It might be noted that this was the second round of deferment since 2015 for allocation of coal blocks exclusively earmarked for steel producers. In both cases, a lack of adequate response from investors were cited as reason.

To share the micro-blog:
vanitec.jpg
 
NO.26 Building, An zhenli 3th Area, Chao Yang District, Beijing. Postcode: 100029
Tel: 86-10-64441860 Fax: 86-10-64410636 Email: csteelnews@126.com
www.csteelnews.com. All Rights Reserved.
 
主站蜘蛛池模板: 免费夜色污私人影院在线观看| 国产精品免费av片在线观看| 中文字幕福利片| 青青草免费在线视频| 好爽好深胸好大好多水视频| 亚洲va久久久噜噜噜久久| 精品综合久久久久久888蜜芽| 国产精品对白刺激久久久| 中文字幕免费在线看线人动作大片| 欧美最猛性xxxxx69交| 国产三级久久久精品麻豆三级| 91精品手机国产免费| 日本丰满岳乱妇在线观看| 亚洲第九十七页| 蜜桃视频无码区在线观看| 国语自产精品视频在线区| 久久久91精品国产一区二区| 欧美色欧美亚洲高清在线视频| 国产一区二区三区小向美奈子| 3d白洁妇珍藏版漫画第一章| 无人高清视频完整版在线观看| 亚洲宅男天堂在线观看无病毒| 老少交欧美另类| 国产午夜福利短视频| 95老司机免费福利| 手机在线观看一级午夜片| 亚洲国产欧洲综合997久久| 精品乱码一区内射人妻无码| 国产成人无码A区在线观看导航| china同性基友gay勾外卖| 日韩a无吗一区二区三区| 亚洲一区无码中文字幕| 欧美日韩**字幕一区| 回复术士的重来人生第一季樱花动漫| 2021国产麻豆剧传媒官网| 在线观看国产欧美| heyzo北条麻妃久久| 无码精品A∨在线观看十八禁| 欧美激情xxxx性bbbb| 亚洲综合亚洲国产尤物| 美女裸身正面无遮挡全身视频|