The auction of coal mines under the eighth, ninth and tenth round has come to a close with winning bid prices reflecting the significant variation.
The highest winning bid amount from among all mines bid out, at ₹1,674 per tonne, has been quoted for the Jamkhani coal mine in Odisha by Vedanta Limited. Prakash Industries’s winning bid, at ₹1,100 per tonne, for the Bhaskarpara coal mine in Gujarat has got the second-highest winning bid amount. There is a steep fall from these two exceptionally sought after mines with the winning bid amounts ranging between ₹154 to ₹230 per tonne for all the other mines auctioned.
