Crest Steel and Power wins Bhaskarpara block for ₹ 755 a tonne

Our Bureau New Delhi | Updated on January 23, 2018 Published on August 11, 2015


The second mine sold on Tuesday in the third tranche of coal mine auction was Bhaskarpara in Chhattisgarh with 24.06 million tonne of extractable reserves. The winning bid was ₹ 755 a tonne by Crest Steel and Power Ltd who beat Jindal Steel and Power Ltd and Godawari Natural Resources for the block.

Topworth Urja & Metals has emerged as the first winner in the third tranche of coal mine auctions which began on Tuesday. The company's bid of ₹ 715 a tonne emerged as the highest for Marki Mangli I in Maharashtra.

The mine has extractable reserves of 9.96 million tonne. Others in the race were Grace Industries and Lloyds Metal and Energy

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Published on August 11, 2015
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