Phase 3 of coal mines auction to begin today

August 11, 2015 08:40

The third leg of coal mines auction will kick-off today with firms like JSPL, Hindalco, Vedanta and JSW Steel in the fray for five blocks that the government has put up for bidding.

Two mines on offer tomorrow are Marki Mangli-I mine in Maharashtra and Bhaskarpara mine in Chhattisgarh.

The third tranche follows the government garnering over Rs 2 lakh crore in the first two phases of mines auction earlier this year.

The companies in the race for Marki Mangli-I mine are Grace Industries Ltd, Lloyds Metals and Energy Ltd and Topworth Urja & Metals Ltd.

Firms vying for Bhaskarpara mine are Jindal Steel and Power Ltd and Crest Steel and Power Pvt Ltd and Godawari Natural Resources Ltd.

While the extractable reserves of Marki Mangli-I mine is 9.96 million tonnes (MT), for Bhaskarpara mine it is 24.06 MT.

On Wednesday, Chitarpur mine in Jharkhand will be put on offer, while on Thursday Parbatpur Central mine in Jharkhand and Majra mine in Maharastra will be put up for auction.

The schedule for the auction of Jamkhani coal mine in Odisha will be announced at a later date due to court case.

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