New Delhi : Hindalco, Adani Power and Reliance Geothermal Power are among the 134 companies, which cleared the initial stages of coal auction for 21 blocks put up by the government.
Jindal Steel and Power Ltd (JSPL), Bharat Aluminium Co Ltd (Balco), Essar Power M P Ltd, GMR Chhattisgarh Energy Ltd, GVK Power, JSW Energy, Reliance Cement Company Ltd, Ambuja Cement, Hindustan Zinc, Sesa Sterlite are some of the other major companies whose bids have been found technically qualified. “Out of the 176 applications we received, 134 are found to be technically valid,” Coal Secretary Anil Swarup told reporters here.
The auction follows the Supreme Court decision last year to cancel allocation of 204 coal mines.
The government had initially planned to auction 23 mines in first lot but has put on hold bidding for two mines due to litigations.
Of the 134 bids which are technically qualified, 12 are for Gare Palma IV/7 coal mine in Chhattisgarh, making it the most sought after mine. Balco, Hindalco, JSPL, Jaiprakash Associates Ltd, Monnet Ispat & Energy Ltd, Rungta Mines Ltd, Ultratech Cement Ltd are among these 12 bidders.
