Coal Auction: Govt Gets 130 Technical Bids For 21 Mines

NEW DELHI: The government today received 130 preliminary bids from companies like Essar Power, Hindalco, Adani Power and Jindal Power for 21 coal blocks on offer in the second tranche of ongoing auction.

A maximum of 16 bids came for Utkal C coal block in Odisha from bidders including Jindal Power, Essar Power, Sesa Sterlite and Adani Power Maharashtra.

Another block Gare Palma IV/8 in Chhattisgarh received 13 bids from companies like Hindalco, JSPL, Sesa Sterlite and Balco among others.

The government officials said the response has been as per expectations and most of the major players from private sector are participating in the auction, which was necessitated after cancellation of earlier coal block awards by the Supreme Court.

While the exact value of the bids could not be ascertained, industry estimates suggest these blocks may fetch tens of thousands of crores of rupees in revenue.

There are 21 mines in schedule III (ready to produce).
Read Also:
Petrol, Diesel Price Hiked After Crude Regains Over $10 A Barrel
Andhra Inks MoUs For 4,000 MW Wind Power