Adani Power has submitted 11 bids for six of a total 19 blocks being auctioned under the second phase of the coal block allocation process
These blocks belong to Schedule-III of the auctioning process. With this, Adani becomes the largest bidder in the coal block allocation process, followed by Naveen Jindal's Jindal Steel & Power followed with eight bids, four each for two blocks.
The technical bids for these 19 blocks was opened on Sunday.
Adani has bid for the blocks, which are about-to-produce mines and has no end use infrastructure specified.
Several coal blocks have received tremendous response in terms of bidding. Gare Palma-IV/8, with a capacity of 107 million tonnes, has 13 bidders in the fray, with four bids from JSPL alone. The block belonged to Jayaswal Neco. Utkal C coal blocks and Ganeshpur also saw high number of bidding.
The e-auction will begin on MSTC portal from February 25 running till March 3.
Government has divided the coal blocks into two verticals - regulated and unregulated.
The regulated section will have reverse bidding and the end-use specified is power. For the unregulated sector, forward bidding model will be used.
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