Coal Block Auction: JSPL, BS Ispat Bag Blocks
The first day of the e-auction saw four coal mines (under CMSP Act) were put up for auction. Jindal Steel & Power (JSPL) has won two coal blocks for commercial coal mining purposes in Odisha. JSPL bagged the block offering a revenue share of 15.25 percent. Twenty-First Century Mining Pvt Ltd on the other hand won coal in Jharkhand by offering a 6 percent revenue share.
BS Ispat was also among the firm that bagged the block. It backed Chinora coal mines in Maharashtra by offering 53 percent share.