Coal mine e-auction: SM Steels, Sarda Energy among top bidders
The Ministry of Mines's commercial coal e-auction has seen Sarda Energy & Minerals and SM Steels emerging as the successful bidders for 2 blocks. Sarda Energy secured a block in Chhattisgarh with geological reserves of 102.268 million tonnes (MT).
SM Steels won a mine in Jharkhand with reserves of 77.9 MT. As per the ministry, the blocks are expected to generate an annual revenue of Rs 339.06 crore at peak rated capacity (PRC) upon operationalization. Further, the mines are projected to attract Rs 315 crore in capital investment.
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