The offer of exploration blocks was the third under OALP (Open Acreage Licensing Policy), wherein investors carve out acreages of their choice, and is expected to draw investment commitment of $700 million. The blocks include five for CBM (coal bed methane or gas trapped between coal seams) and cover 31,000 sq km area. Bid closes on April 10. OLAP-III will run concurrently with OALP-II, wherein 14 blocks covering 30,000 sq km is under bidding till March. In OALP-I, 55 blocks on 60,000-sq km were offered in January 2018 and awarded in October. The round received investment commitment of Rs 60,000 crore.