Govt kick-starts e-auction of 8 coal mines for steel, cement cos
Govt kick-starts e-auction of 8 coal mines for steel, cement cos
The coal blocks to be put under the hammer include Brahmapuri and Suliyari in Madhya Pradesh, Bundu and Gondulpura in Jharkhand, Gondkhari and Khappa & Extn in Maharashtra and Jaganathpur A and Jaganathpur B in West Bengal. The government kick-started the process of online auction for eight blocks in the fourth round for sectors like steel, cement and iron. The government has already mobilised over Rs 3 lakh crore in the first three rounds of coal auction and allotment.

Despite the start-up of new cement plants in neighbouring countries, SCC will export to these markets as regional demand is growing rapidly and it will often be simpler and cheaper to ship from Thailand to buyers near the borders. Cement consumption in its main export destinations (Myanmar, Cambodia, and Laos) is expected to grow 7-12 per cent per annum to 26 mn t in 2020 from 14 mn t in 2014.

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