NEW DELHI : Adani Enterprises Ltd, Bharat Aluminium Company Ltd (BALCO), Jindal Power Ltd, JSW Steel Ltd, DB Power Ltd, Hindalco Industries Ltd, Nuvoco Vistas Corporation Ltd, and Sarda Energy and Minerals Ltd will be in fray today for Gare Palma IV/7 coal mine in Chhattisgarh.
So far, 18 coal mines have been auctioned since the commercial coal mine auctions began on last Monday. The mines are being awarded on a revenue-sharing basis, while earlier blocks were allocated to companies on the payment of fixed amounts per tonne.
While a total of 38 coal mines were initially put-on auction by the coal ministry, a total of 19 mines are finally being bid out. There were initially 76 bids from 42 companies for 23 coal mines, with the remaining 15 mines not getting any bids. Also, four mines got only one bid, putting these 19 mines out of the auction process.
