India Lost $211 Billion From Coal Block Sales, Times Reports

India lost 10.7 trillion rupees ($211 billion) by allotting coal blocks instead of auctioning them to private and state-run companies, the Times of India reported, citing a report by the government’s chief auditor.

About 100 companies gained “undue benefits” from the government’s policy, the newspaper said, quoting from a draft copy of the report. The Comptroller and Auditor General is expected to submit the report to parliament in the current session, the Times of India said.

B.S. Chauhan, a spokesman at the CAG’s office in New Delhi, said he could not comment on the report.

To contact the reporter on this story: Andrew Macaskill in New Delhi at

To contact the editor responsible for this story: Peter Hirschberg at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.