Jindal Power wins block in Chhattisgarh on 3rd day of auction
On the third day of the commercial coal mining auction on Wednesday, Jindal Power won a block in Chhattisgarh, while JMS Mining made the highest bid for a mine in Madhya Pradesh.
Boulder Stone Mart won two coal blocks – Gotitoria (East) and Gotitoria (West) – in Madhya Pradesh, the coal ministry said in a statement.
Jindal Power made the highest bid for Gare-Palma-IV/1 block, at 25 per cent revenue sharing.
The mine has geological reserves of 84.26 million tonnes.
Besides Jindal Power, Adani Enterprises Ltd and Hindalco Industries Ltd were also in the race for the block.
JMS Mining made the highest bid for Urtan North in Madhya Pradesh at 9.50 per cent revenue sharing, the statement said.
