On the second day of the second lot of coal block auctions, Trimula Industries Ltd bagged Meral mine for non-power sector in Jharkhand, taking the total number of mines won by the companies to five. "Meral coal block closes at (Rs) 727 (per tonne)," Coal Secretary Anil Swarup tweeted. Trimula bagged the mine by outbidding two companies - Easternrange Coal Mining Pvt Ltd and Usha Martin Ltd.
Meral mine, earlier alloted to Abhijeet Infrastructure Pvt Ltd, is in Palamau district of Jharkhand and has extractable reserves of 12.67 million tonnes. However, auction of Mandakini mine in Odisha for power sector is still underway.
The companies in race for Mandakini mine are Adani Power Ltd, Adani Power Maharashtra Ltd, GMR Mining and Energy Pvt Ltd, Jindal Power Ltd, Mandakini Exploration and Mining Ltd and Wigeon Commotrade Pvt Ltd.
On account of Holi on Friday, there would be no auction of the mines. However, on March 7, three blocks - Tara (for power sector) and Nerad Malegaon and Dumri mines (for non- power sector) would be on offer.
The firms vying for Tara mine in Chhattisgarh are Adani Power Ltd, Adani Power Rajasthan Ltd, Adani Power Maharashtra Ltd, Athena Chhattisgarh Power Ltd, Jindal Power Ltd, JSW Energy Ltd, KSK Mahanadi Power Co Ltd, Lanco Amarkantak Power Ltd, RattanIndia Nasik Power Ltd.
Tara mine was earlier alloted to Chhattisgarh Mineral Development Corp Ltd. For Nerad Malegaon mine, companies in race are Godawari Power and Ispat Ltd, Grace Industries Ltd,Indrajit Power Pvt Ltd, OCL Iron and Steel Ltd and Sunflag Iron and Steel Co Ltd. Nerad Malegaon mine in Maharastra was earlier alloted to Gupta Metallics & Power Ltd and Gupta Coalfields and Washeries Ltd.
Companies in race for Dumri mine are Balco, Easternrange Coal Mining Pvt Ltd, Hindalco Industries Ltd, Lakeview Dealtrade Pvt Ltd, Rungta Mines Ltd, S S Natural Resources Pvt Ltd, Sesa Sterlite Ltd and Usha Martin Ltd. Dumri mine in Jharkhand was earlier alloted to Nilachal Iron & Power Ltd and Bajrang Ispat Ltd. Adani Power, Usha Martin and JSW Steel bagged mines in the second leg of coal block auction that began yesterday.
Government has put on auction at least 15 ready-to- produce mines in the second leg of auction. The auction proceeds from first lot of 19 mines is over Rs 1 trillion. The coal block auctions are taking place following the Supreme Court's decision last year to cancel the allocation of 204 coal mines.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
