Indian government won't revive cancelled coal block auction

The Indian government would not revive the auction of nine coal blocks, which was called off last month, until there was a turnaround in the commodity cycle, particularly for steel. “The fourth round of auction for nine blocks was cancelled owing to poor response from investors. The government was in no hurry to push through the auctions immediately and would prefer to wait until such time better investor response could be expected,” said a Coal Ministry official.