Vedanta quotes higher bid for Jamkhani coal block
Vedanta on Friday quoted the highest price of Rs 1,674 per tonne for the Jamkhani coal block located in Odisha. The coal mine has the potential to produce 2.6 million tonne of the fuel every year. Vedanta’s offer was against the reserve price of Rs 1,002/tonne.
This was the most popular blocks among the ones put up by the Union coal ministry in the latest auctions, with seven major firms participating. Apart from Vedanta, other companies in the mine included Hindalco, JSW, JSPL and Rungta Mines.
