Business
Jindals, Hindalco bag one coal mine each in latest auctions
New Delhi, March 7
The Tara coal block in
Chhattisgarh went to Jindal Power and the Dumri block in Jharkhand to
Hindalco in the latest round of coal auctions held by the government on
Saturday, officials said.
"Hindalco is highest bidder at Rs.2,127
(per tonne) for Dumri and Jindal Power at Rs.126 (per tonne) for Tara
coal block," Coal Secretary Anil Swarup tweeted, as bidding ended. This
final bid cost works out Rs.9.800 crore for the Tara block and Rs.2,100
crore for Dumri.
Bidding for the third block, Nerad-Malegaon in Maharashtra, was still on.
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