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JSPL wins Gare Palma-IV/1 coal mine in Chhattisgarh

Thursday, 05 Nov 2020
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Jindal Steel & Power (JSPL) emerged the highest bidder for the Gare Palma-IV/1 coal mine in Chhattisgarh. JSPL quoted 25 percent premium on the revenue share to the state.

The second and final round of e-auction started on 2 November 2020 and 12 mines have been offered so far. Vedanta, Hindalco, Adani and several newer companies have won mines.

On 4 November 2020, the highest bid was received for the Gotitoria East & West mines in Madhya Pradesh. Kota-based mining and quarrying company Boulder Stone Mart quoted the highest closing bid of 54 percent premium on the revenue share.

Another mine in Madhya Pradesh, Urtan North saw the highest closing bid of 9.5 percent on the revenue share by JMS Mining. This Kolkata-based mining technology provider has won two mines of the same cluster in the ongoing auction. It won Urtan mine by quoting the highest closing bid of 10.5 percent on the revenue share.

 
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