Adani Group bags two commercial coal mines on Day 1 of tranche-2 auctions
Adani Group has emerged as the preferred bidder for two coal blocks for commercial use in Maharashtra and Chhattisgarh. Gurgaon-based exploration services firm South West Pinnacle Exploration emerged as the highest bidder for a coal mine in Jharkhand quoting a premium of 24.25%, sources said.
A senior government official said online coal auctions for three blocks concluded on Monday, while five more mines will be bid on Tuesday and Wednesday. The second tranche of commercial coal auctions began on Monday.
