Coal block auction to take off today

 The Telegraph Online, PTI, November 02, 2020

Companies such as Vedanta, Jindal Steel and Power, Adani Enterprises, Hindalco Industries and JSW Steel are in the race for the the first-ever auction of 19 coal blocks for commercial mining, which will start from Monday.

The auction, under which 19 coal blocks will go under the hammer, will be held for eight days, from November 2-9.

On Monday, the electronic auction would be held for five coal blocks — Chakla, Jharkhand; Marki Mangli-II, Maharashtra; Radhikapur (west), Odisha; Takli-Jena-Bellora (North) and  TakliJena-Bellora (South), Maharashtra; and Urtan, Madhya Pradesh.

Companies such as Hindalco Industries and Adani Enterprises will be vying for the Chakla coal block in Jharkhand.

Jindal Steel and Power Ltd (JSPL) and Vedanta Ltd will be keen on the Radhikapur (west) asset in Odisha.

Yazdani International Pvt Ltd, Andhra Pradesh Mineral Development Corporation Ltd and Refex Industries Ltd will be competing against each other for the Marki Mangli-II block in Maharashtra.

Aurobindo Reality and Infrastructure Pvt Ltd and Sunflag Iron and Steel Company Ltd are in the race for the Takli-Jena-Bellora (North) and TakliJena-Bellora (South) coal block in Maharashtra . JMS Mining Private Ltd and Stratatech Mineral Resources Pvt Ltd would be vying for the Urtan block block in Madhya Pradesh.

Link:https://www.telegraphindia.com/business/coal-block-auction-to-take-off-today/cid/1796267

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