Sunday, March 08, 2015
Coal auction: Jaypee Group wins MP mine on day 4
The mine was earlier allotted to the MP Cement Mining Corporation
Mumbai, March 8, 2015: On the fourth day of coal auctions for schedule III category mines, Jaiprakash Cement Corp. Ltd emerged as the successful bidder for the Mandla South coal field. Bidding for Ganeshpur and Gare Palma sector IV/8 is still underway.
Jaypee Cement Corp. submitted a closing bid of Rs.1,852 per tonne for Mandla South, according to state-owned MSTC Ltd, which is the nodal agency to monitor the coal auctions.
Mandla South has a total extractable reserve of 13.4 million tonnes. Madhya Pradesh State Mining Corp. Ltd was the prior allottee for the coal field.
Courtesy: Live Mint