The fifth bid round under Open Acreage Licensing Policy (OALP) opened in January and was to initially close on March 18. In the latest bid round, about 19,800 sq km of area is on offer for bidding, according to DGH. The last bid round, OALP-IV, saw just eight bids coming in for seven blocks on offer. "An area of 1,36,800 sq km has already been awarded under OALP Bid Round I, II, III, and IV. These OALP Bid Round-V Blocks would add further 19,800 sq km.

Source: The Telegraph June 08, 2020 09:00 UTC