GMR & Reliance Cement have received one mine each in the first coal mine auction

 

In the first coal mines auction conducted today, GMR & Reliance Cement have received one mine each for an estimated amount of Rs 1,375 Crs & Rs 798 Crs respectively.

GMR Mine

• GMR Chhattisgarh Energy won the Talabira-1 coal block in Odisha,
• Adani Power, Essar Power, Sesa Sterlite and others were in race for this mine
• GMR received the mine by reverse bidding at Rs 478 per tonne.
• The mine has extractable reserves of 28.77 million tonnes.
• The mine was reserved for the Power Sector.

Reliance Cement Mine

• Reliance Cement won the Sial Ghoghri coal mine in Chhindwara district of Madhya Pradesh.
• Hindustan Zinc and OCL Iron & Steel were in reace for this mine
• Reliance Cement received the mine by reverse bidding at 1,402 per tonne
• The mine has total reserves of 29.38 million tonnes and extractable reserves of 5.69 million tonnes.
• The block was allotted to Prism Cement earlier. This mine is earmarked for the non-power sector.

Source