Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  GMR wins Ganeshpur coal block
BackBack

GMR wins Ganeshpur coal block

GMR Chhattisgarh Energy submitted a closing bid of Rs704 per tonne for the block

Ganeshpur coal block was reserved for the power sector and GMR Chhattisgarh Energy has agreed to forego the mining cost for the block. (Ganeshpur coal block was reserved for the power sector and GMR Chhattisgarh Energy has agreed to forego the mining cost for the block. )Premium
Ganeshpur coal block was reserved for the power sector and GMR Chhattisgarh Energy has agreed to forego the mining cost for the block.
(Ganeshpur coal block was reserved for the power sector and GMR Chhattisgarh Energy has agreed to forego the mining cost for the block. )

Mumbai: GMR Chhattisgarh Energy Ltd emerged as the successful bidder for the Ganeshpur coal block, which was auctioned on Sunday.

GMR Chhattisgarh Energy submitted a closing bid of 704 per tonne for the block, according to the MSTC E-commerce website. MSTC Ltd is the nodal agency to monitor the coal auctions.

Ganeshpur coal block was reserved for the power sector and GMR Chhattisgarh Energy has agreed to forego the mining cost for the block. Ganeshpur has an extractable reserve of 91.8 million tonnes. The block in Jharkhand was earlier allotted to Tata Steel Ltd and Adhunik Thermal Energy.

On Monday, Utkal-C and Lohari coal blocks are likely to be auctioned, as per the schedule shared on the MSTC website.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Mar 2015, 11:51 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie