The bid documents can be downloaded till January 29th and attract a fees of Rs. 5 lakh per download.
There are 24 coal blocks on the auction which are already in production, out of which six blocks are to be auctioned to the power sector while the rest will go to companies which require blocks either for iron and steel, cement or captive power generation.
The other 24 coal blocks are 'ready to produce', out of which seven are for power sector while the rest are for iron and steel, cement and captive power plants.
Media reports suggest that the government plans to hold reverse auction, with a ceiling price that minimises end-consumer tariffs for the regulated power sector and forward auction (highest bid wins) with a minimum floor price of `150 per tonne for non-regulated sectors such as steel and cement and including captive power plants.