Vedanta lead bidder in coal auction, eyes 14 blocks; Birla, Adani, Jindal also in fray

After Gare Palma IV/7 block in Chhattisgarh, maximum 12 bids each have been received for Tokisud North block in Jharkhand, Bicharpur mine in Madhya Pradesh and Gare Palma IV/4 in Chhattisgarh.

Firms like Adani Power, Essar Power, Balco, DB Power, GMR Chhattisgarh Energy, GVK Power Goindwal Sahib Limited, India Power Corporation Haldia Ltd, Jaiprakash Power Ventures Ltd, Jindal Power, Lanco Amarkantak Power Ltd and West Bengal Power Development Corporation are in the race for Tokisud Power, which was previously allotted to GVK Power (Govindwal Sahib).

Tokisud North Mine has geological reserves of 103.24 MT while the extractable reserves is 51.97 MT.

For Bicharpur mine with a geological Reserves of 56.20 MT and extractable reserves 29.12 MT, bidders include ACC Ltd, Birla Corp, Hindalco, Hindustan Zinc, Jayee Cement, Monnet Ispat, OCL India, OCL Iron and Steel, Rungta Mines, Sarda Energy and Ultratech Cement.

This block was earlier given to Madhya Pradesh State Mining Corporation.

Leave Your Comment(s)