Bhubaneswar: Jindal Steel and Power Limited and Hindalco Industries Limited have bagged coal mines in Odisha 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.
Naveen Jindal-led JSPL 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.
Similarly, 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.
Ministry of Coal had launched the auction of coal mines for commercial mining under 13th Tranche of CMSP Act and 3rd Tranche of MMDRAct on October 12, 2021. On the 2nd and 3rd day of the e-auction, cumulative five coal mines were put up for auction of which three coal mines were CMSP coal mines and two were MMDR coal mines.
“All five coal mines are fully explored coal mines. The total geological reserves for these coal mines are 528.051 Million Ton. Cumulative PRC for these coal mines is 16.07 MTPA,” the Coal Ministry stated.
The other blocks which were auctioned are: Garampani in Assam, Majra in Maharashtra, and Namchik Namphuk in Arunanchal Pradesh.
