Ambuja Cements and Jaypee Cement emerged winners in the ongoing coal block auctions for the ready-to-produce blocks on Sunday.
Ambuja Cements won the Gare Palma IV/8 block in Chhattisgarh for ₹2,291 a tonne. The block reserved for the non-power sector has extractable reserves of 11.75 million tonnes and was previously owned by Jayaswal Neco Ltd.
Meanwhile, Jaypee Cement won the Mandla South, Madhya Pradesh with a bid of ₹1,852 a tonne.
The ready-to-produce block has extractable reserves of 13.35 million tonnes and is for the non-power sector.
The block was previously owned by MP State Mining Corporation Ltd.
The third block on offer on Sunday is Ganeshpur in Jharkhand which is for the power sector. Auctioning for the block was still on at 9 pm on Sunday with the bid at ₹562 a tonne.
The block has extractable reserves of 91.8 million tonnes and was previously owned by Tata Steel Ltd.