Adani, Aditya Birla group firms bags one mine each

Adani group’s Stratatech Minerals bid highest for Dhirauli mines at 12.5 percent for revenue sharing and Aditya Birla group’s EMIL Mines and Mineral Resources bid highest for the Bandha mine at 21 per cent.

The Andhra Pradesh Mineral Development Corporation bid highest for Brahmadiha coking coal mine at 41.75 percent revenue sharing, which is the highest so far in the auctions. Sarda Energy and minerals closed bid for Sahapur West coal mine at 26 percent of revenue sharing, this bid is double the floor price of 12.5 percent. The expected annual revenue generation from these four mines at peak rated capacity is expected close to Rs 14 billion. On the second day of coal auction, 4 coal mines (three in Madhya Pradesh and one in Jharkhand) with a total geological reserve of 1,085 million tonnes were put up for commercial mining auction.