Mines allocation is by central ministry, in a very transparent manner.
The mine goes to the highest bidder. There is no other way.
Even if Sandur bids at 120% premium, but JSW bids at 121% premium, the mine will go to JSW.
All companies bid at the same time- you don’t know the bid price of Tata or JSW. The highest bidder wins.
Many steel cos are politically connected. It doesn’t really matter.
The rules were changed in 2019-20.
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