New Delhi: Jindal Power Ltd, a subsidiary of Jindal Steel & Power, on Wednesday emerged as highest bidder for a large coal block in Chhattisgarh, pipping Adani Enterprises and Hindalco Industries.
The company offered 25% revenue share for the Gare Palma IV/1 with geological coal reserves of 84 million tonnes and peak capacity of six million tonnes per annum, an official statement said. The block is it estimated to generate Rs 652 crore revenue upon reaching peak rated capacity.
