New players take lead in commercial coal auction
Into the third day of the commercial coal auction which is into its second phase, saw newer players take lead in bidding for coal blocks. For the three mines offered on Wednesday, Prakash Industries Ltd, CG Natural Resources Private Ltd and Shreesatya Mines Private Ltd were successful bidders.
Prakash Industries quoted a premium of 55.7 per cent for Bhaskarpara mine in Chhattisgarh, the highest bid of the day. Shreesatya Mines quoted 54.5 per cent premium for Burakhap mine in Jharkhand. CG quoted 4 per cent premium for Khargaon mine of Chhattisgarh.
On Tuesday, a record high bid of 79 per cent premium was quoted by Sunflag Iron & Steel Company for the Bhivkund mine in Maharashtra.
