Tweak minimum bid clause to keep coal auction going:Steel Secy

With the deferment of recent coal mine auction on account of insufficient bids, the steel ministry said there was a need to alter the clause stipulating at least three bids for each block and that the coal ministry is consulting CVC to work out a mechanism on the same.

"What happened is as per CVC's (Central Vigilance Commission) norms that you need three bids(for each mine).So now, they (coal ministry) will have to find an answer for that. They will be consulting CVC and work out a mechanism for it," Steel Secretary Aruna Sharma told

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