NEW DELHI : Sarda Energy and Minerals Ltd placed the winning bid for Gare Palma IV/7 coal mine in Chhattisgarh by quoting the highest ever revenue share or premium over and above the floor price in the first commercial coal mine auctions that ended today, said a government official.
Sarda Energy and Minerals Ltd quoted a revenue share of 66.75% for the mine having a total geological reserve of 234.205 million tonnes.
Adani Enterprises Ltd, Bharat Aluminium Company Ltd (BALCO), Jindal Power Ltd, JSW Steel Ltd, DB Power Ltd, Hindalco Industries Ltd, and Nuvoco Vistas Corporation Ltd were also in fray today for the Gare Palma IV/7 coal mine.
