On the third day of the coal auction, BS Ispat won a mine in Maharashtra on Monday.
“BS Ispat gets Marki Mangli 3 at (Rs.) 918 (per tonne),” Coal Secretary Anil Swarup tweeted.
B S Ispat gets Marki Mangli 3 at 918
— Anil Swarup (@swarup58)
>February 16, 2015The four companies vying for Marki Mangli III mine were BS Ispat Ltd, JSW Cement, Sunflag Iron & Steel and Topworth Urja and Metals Ltd.
Coal block auction status at 1430 hours
>pic.twitter.com/Mw8sahq1ck
— Anil Swarup (@swarup58)
>February 16, 2015Three mines on the offer in Monday’s auction are Mandla North (MP), Marki Mangli III (Maharashtra) and Trans Damodar (West Bengal).
While Mandla North, marked for the non-power sector, has extractable reserves of 84 MT, Marki Mangli III (also for non-power sector) has extracted reserves of 4.20 MT.
Trans Damodar mine for the power sector has extractable reserves of 48.40 MT.
The auction for the other two mines is underway, an official said. In all, six mines have been sold so far.
Sunflag Iron and Steel and CESE won two coal blocks — one in Maharashtra and the other in West Bengal — put up for auction on Sunday.
Mr. Swarup confirmed the development saying that Belgaon mine in Maharashtra “closes at Rs 1,785 (per tonne) goes to Sunflag Iron and Steel.”
Another mine Sarsatoli in West Bengal was bagged by CESE.
“Sarsatoli closed at 470. Gone to CESE,” Mr. Swarup said.
Both the mines were put on auction on Sunday on the second day of auction.
Adani Power, CESC, GMR Chhattisgarh Energy, Haldia Energy, Sheesham Commercial Pvt Ltd are among the companies vying for Sarsatoli mine.
While for Belgaon mine the companies in race were are Balco, Reliance Cement Co Pvt Ltd, Sunflag Iron & Steel Ltd and Topworth Urja & Metals Ltd.
Hindalco Industries had also walked away with a coal mine in Jharkhand on Sunday.
After the Supreme Court cancelled allocation of 204 mines in September, the government decided to auction the blocks. It is putting up 19 blocks on sale in the first tranche.