Indian Coal Sector with corporate players like Adani Group Chhattisgarh

Adani Group has emerged as the highest bidder for two coal blocks in Maharashtra and Chhattisgarh auctioned for commercial use. Adani Group mining Chhattisgarh was chosen to bid for the third Jharkhand-based coal mine.
Adani Power Maharashtra quoted a 9.5% premium against the floor prices for the Gondkhari mine in Maharashtra. At the same time, the same group company CG Naturals Resources Ltd emerged as the preferred bidder in the Jhigador mining project in Chhattisgarh. Sunflag Iron and Steel were also competing for the Gondkhari discovered mine with a peak of one million tonnes. The mine contains geological reserves of 98.71million tons.

Read more updates on Goa coal Adani

Auction of commercial coal

Adani Group Chhattisgarh entities have won three out of the eight mines, which went under the hammer in the second tranche of commercial coal mining auctions. Adani subsidiary CG Natural Resources, which was bidding a maximum of 6% revenue shares, won the Khargaon Mine in Chhattisgarh. It had also secured the Jhigador Chhattisgarh Mine on Monday. Adani Power Maharashtra won the Gondkhari Block in Maharashtra that same day.

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