Rules issued for auction of coal blocks

End use and mode specified for identified coal blocks
54 blocks - 18 billion tonnes

For government companies in steel or power
16 blocks - 7.27 billion tonnes at reserve price

For power, through tariff based competitive bidding
16 blocks - 8.16 billion tonnes

Auctioning of coal blocks
22 blocks - 2.79 billion tonnes

Floor / Reserve Price: to be notified for each area.

Coal blocks identified for sector wise allocation

Integrated steel plants
12 blocks - 4415 million tonnes
Reserve Price for blocks earmarked for government companies
Highest bid price for others

Cement
7 blocks - 637 million tonnes
Highest bid price (More than floor price)

Sponge Iron
5 blocks - 381 million tonnes
Highest bid price (More than floor price)

Surface Gasification
2 blocks - 136 million tonnes
Highest bid price (More than floor price)

Power
16 blocks - 8165
Earmarked for both
Tariff based bidding
Central government companies for allocation at reserve price

Commercial mining
12 blocks - 4453 million tonnes
Reserve Price

Source - SRI

(www.coalguru.com)