Jindals, Hindalco bag one coal mine each in latest auctions

The Tara coal block in Chhattisgarh went to Jindal Power and the Dumri block in Jharkhand to Hindalco in the latest round of coal auctions held by the government on Saturday, officials said.

"Hindalco is highest bidder at Rs.2,127 (per tonne) for Dumri and Jindal Power at Rs.126 (per tonne) for Tara coal block," Coal Secretary Anil Swarup tweeted, as bidding ended. This final bid cost works out Rs.9.800 crore for the Tara block and Rs.2,100 crore for Dumri.

Bidding for the third block, Nerad-Malegaon in Maharashtra, was still on.