Fractured/Earth

another update on the looming captive coalblock auctions

out today. this update on the emerging blueprint for coalblock auctions.

With the draft rules of the proposed coal block auctions in the public domain, a set of industry experts says things are getting muddled as the government tries to balance contrasting objectives… “The government is again committing the historic blunder of tying itself in knots,” says Vinayak Chatterjee, chairman and managing director of Feedback Infrastructure, a Gurgaon-headquartered consultancy. He and other industry executives that ET spoke to outlined five major concerns.

these concerns are: might oligopolies resurface in the coal sector? should blocks be given free to government companies? is the government micromanaging these auctions? are the auctions being designed well? and, why is the government persisting with the captive coalblock concept?

m rajshekhar