Coal and spectrum auctions usher in more ‘achhe din’
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The two issues that had become matters of big political debates and ran-up to the Lok Sabha polls last year, auctions of Coal blocks and Telecom spectrum have once again amused the auditors including Coalgate scam and
Though the auction process will continue till today, telecom spectrum bid has reached Rs 94,000 crore till yesterday at the end of the fifth day of auction. In coal e-auctioning, 32 coal blocks have yielded Rs 2.07 lakh crore already, including about Rs 11,000 crore from two mines on Monday, reveals the PTI report.
Coal Minister
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The total yield from the spectrum auction is expected to cross Rs1 lakh crore marks, while the government has estimated a minimum amount of Rs 82,000 crore.
This auction would mean coal-bearing states like Odisha,
In the eastern states, Adani, Hindalco, JSW and Jindal are reported to be the maximum takers of blocks.
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In telecom, Airtel, Vodafone, Idea Cellular and Reliance have bought most spectrums as their licenses are due for renewal in the current year.
(Image: India Times)
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