JSPL, Jindal Power, others bag mines in 11th round of commercial auction

New Delhi: Coal India subsidiary Western Coalfields, Jindal Steel and Power, and Jindal Power are among a dozen companies securing coal blocks in the latest round of auction for commercial mining.

The 11th round of auction was launched on December 5. Bids were invited for 12 mines having a total peak-rated capacity of 15.46 million tonnes per year, excluding partially explored mines.

Western Coalfields won the Dahegaon/Makardhokra-IV block in Maharashtra, while Jindal Steel bid the highest for Saradhapur Jalatap East block in Odisha, and Jindal Power got the Banai and Bhalumunda block. Others that got coal blocks include Singhal Business, Jharkhand Exploration and Mining Corp, and Rungta Sons.


"The auctions witnessed intense competition, achieving an impressive average revenue share of 36.27%, reflecting the sustained interest of industries in India's coal sector," the ministry said.

The mines are projected to generate annual revenues of ?3,330 crore, excluding partially explored mines, and a capital investment of around Rs 2,319 crore.