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Powerplus Traders wins auction for Jagannathpur B coal mine

Friday, 08 Nov 2019
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Powerplus Traders has won the eighth tranche of e-auction for coal mines for Jagannathpur B coal mine. The block was bagged at a bid price of Rs 185 per tonne for the coal mined.

Jagannathpur B is the fifth of the 20 coal mines up for auction in the current round of coal mine auctions that have been awarded till now.

Earlier, the Bhaskarpara coal mine in Chhattisgarh was awarded to Prakash Industries at a winning bid price of Rs 1,100 per tonne.

The other blocks awarded till now are Brahmapuri and Bikram in Madhya Pradesh and the Gare Palma IV-1 block in Chhattisgarh. Brahmapuri was bagged by Birla Corporation at Rs 156 per tonne, and also Bikram at Rs 154 a tonne. The Gare Palma IV-1 block was bagged by Jindal Steel and Power at Rs 230 a tonne.

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