Jindal, Hindalco Bag Coal Mines in Odisha in Auction
New Delhi/Bhubaneswar: Jindal Steel and Power and Hindalco Industries have bagged coal mines in Odisha in the auction of coal mines launched by the Ministry of Coal for commercial mining under 13rd Tranche of CMSP Act and 3rd Tranche of MMDRAct. Jindal Steel and Power Ltd (JSPL) has bagged Utkal-C coal mine in Odisha, while [...]
New Delhi/Bhubaneswar: Jindal Steel and Power and Hindalco Industries have bagged coal mines in Odisha in the auction of coal mines launched by the Ministry of Coal for commercial mining under 13rd Tranche of CMSP Act and 3rd Tranche of MMDRAct.
Jindal Steel and Power Ltd (JSPL) has bagged Utkal-C coal mine in Odisha, while Hindalco Industries made the highest bid for Meenakshi mine in the eastern state during the third tranche of coal mine auction.
The Coal Ministry released the results of Day 2 and Day 3 of the auction on Friday.
JSPL has made the highest bid and won the Utkal-C Coal Block in Angul-Talcher Coal belt after offering 45% premium to Government. The block has geographical resources of 196.347 MT.
The Aditya Birla Group’s Hindalco Industries Limited won Meenakshi Coal block in Odisha after offering 10.25% premium to the Union Government. Meenakshi Coal Block has reserves of 285.23 MT.
The Ministry of Coal has put on sale 10 coal mines in the third round of commercial coal mining.
“On the 2nd and 3rd day of the e-auction (February 9-10), cumulative five coal mines were put up for auction,” the Ministry said.
The five coal mines are fully explored and have total geological reserves of 528.051 million tonne.
The cumulative peak rated capacity (PRC) for these coal mines is 16.07 million tonne per annum (MTPA).
On the first day of auction on February 8, five blocks were sold, it added.
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