New Delhi: Adani Power bagged Jitpur mine in Jharkhand while Usha Martin won Brinda and Sisai mines in the same state in the second tranche of coal block auction that began Wednesday.
"Usha Martin is the highest bidder at (Rs) 1804 for Brinda and Sasai coal block," Coal Secretary Anil Swarup tweeted.
Brinda and Sasai coal mines have total extractable reserves of 25.40 million tonnes (MT). Brinda and Sasai are two coal mines but government came out with one bid for both.
The mines were for the non-power sector.
Usha Martin beat BALCO, Sesa Sterlite and Easternrange Coal Mining Pvt Ltd to bag Brinda and Sisai mines in Chatra in Jharkhand. The two blocks were earlier alloted to Abhijeet Infrastructure Pvt Ltd.
Adani Power has bagged the Jitpur mine, according to an official.
"Jitpur closes at (Rs) 302 (per tonne)," Swarup tweeted.
Jitpur coal block in the Godda district of Jharkhand has extractable reserves of 65.535 million tonnes (MT).
Besides Adani Power, the companies that were vying for Jitpur mine - earmarked for the power sector - are Adhunik Power and Natural Resources, Jaiprakash Power Ventures.
On the first day of the second leg of the auction, four mines -- Jitpur, Brinda, Sasai and Moitra -- were up for grabs.
"Moitra at (Rs) 1266 (per tonne); bidding in progress," Swarup said on the micro-blogging site.
For Moitra mine, earmarked for non-power sector, the companies in the race include Jayaswal Neco Industries Ltd and SAIL.
Moitra mine in the Hazaribagh district of Jharkhand has extractable reserves of 29.91 MT. It was earlier alloted to Jayaswal Neco.
The e-auction proceeds from the first lot of 19 mines is over Rs 1 lakh crore.
The auction follows the Supreme Court decision last year to cancel allocation of 204 coal mines.
Usha Martin participated in e-auction of Brinda and Sasai coal blocks today for meeting captive requirements of fuel for steel making and power generation, the company said in a filing to BSE.
"The Company was last highest bidder at Rs 1804 per tonne. The formal communication from Nominated Authority about company winning the coal block is to be received," the company said.
The mine which opened at a bidding price of Rs 1802 and soon closed at Rs 1,804. Both mines fall under schedule III category for which certain regulatory clearances are yet to be obtained.
A source said that there were many in the race for the mines (Brinda and Sasai mines) even as regulatory clearances were yet to be achieved.
