Less Than Half of India Coal Mines Sold in 2015 Start Production

  • Only 11 of 26 mines auctioned operating as of May: CAG
  • Auctions need clear guidelines for evaluation of bids

Less than half of the coal mines auctioned in India in March 2015 have started operating, while the others are still awaiting approval from the state and federal governments to start production, the country’s federal auditor said in a report Tuesday.

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