On the fourth day of the commercial coal mining auction on Thursday, Fairmine Carbons won a block in Jharkhand, while Chowgule and Company emerged as the highest bidder for a mine in Madhya Pradesh.
Fairmine Carbons emerged as the highest bidder for the Rajhara North (Central and Eastern) block in Jharkhand, as it made a final offer of 23 per cent revenue sharing, the coal ministry said in a statement.
Companies like Adani Enterprises were also vying for the block. With regard to the Sahapur East block, in Madhya Pradesh having geological reserves of 63.36 million tonnes, Chowgule and Company made the final bid offer of 41 per cent revenue sharing.
