Adani Group, Prakash Industries, Shreesatya preferred coal mine bidders on Day 3

Adani Group has emerged as preferred bidder for one more large commercial coal block in Chhattisgarh, Prakash Industries NSE 0.57 % for another mine in the same state and newly-incorporated Shreesatya Mines Pvt Ltd quoted highest for a mine in Jharkhand on the final day of tranche two of auctions.

CG Natural Resources Pvt Ltd, Adani Group company, is likely to bag Khargaon coal mine in Chhattisgarh as it offered 6% revenue, an official statement said. Aurobindo Realty and Infrastructure was also in the race for the partially-explored coal mine with 250 million tonnes estimated geological reserves.