Day-2: Adani, Andhra govt unit among winners of coal blocks

Four coal blocks, including a coking coal mine, were grabbed by private players, including the Adani group, on Tuesday, signaling sufficient investor interest in the set of assets offered under the commercial mining policy. While more aggressive bidding was seen in the case of smaller blocks – Andhra Pradesh government-owned APMDC, the winner of Jharkhand’s Brahmadiha mine offered a revenue share of 41.75% to the state government, larger mines also saw good response.

On Monday, five commercial coal blocks were auctioned off; while Vedanta and Hindalco were among the winners of these blocks, the revenue share was close to 32% in two cases.