Aditya Birla Group’s EMIL Mines and Mineral Resources Ltd on Friday emerged as the highest bidder for Radhikapur (East) coal mine in Odisha, while Aurobindo Reality and Infrastructure placed the winning bid for a large mine in Jharkhand.
EMIL Mines and Minerals Resources pipped Adani Enterprises, Jindal Steel and Power Ltd and National Aluminium Company Ltd by offering 16.75% revenue share for the block with 176.33 million tonnes reserves. The mine is expected to generate Rs 466.58 crore annual revenue upon reaching the peak capacity of five million tonnes per annum.
