2nd Day Of Spectrum Auction Ends; Bids Grow To Rs 65,000 Cr
New Delhi: The second day of the biggest ever telecom spectrum auction ended today with total bids growing to about Rs 65,000 crore, as the telecom operators bid aggressively across all bands including those for 2G and 3G. Sources said that fresh five rounds of bidding took place on Thursday. “The bidding has taken place in all bands. At present, a value of approximately Rs 65,000 crore has been committed by bidders in respect of provisionally won spectrum. There is still spectrum, which is yet to be sold. Bidding would recommence tomorrow,” the Department of Telecom said. The government was expecting to raise over Rs 82,000 crore from the auction, but the final amount may go much higher if bids continue at such an aggressive pace.
Coal Auction: Mandakini, Meral Mines Sold
New Delhi: In fierce bidding that lasted over eight hours on Thursday, Mandakini Exploration and Mining bagged Mandakini block in Odisha while the Meral mine in Jharkhand went to Trimula Industries, in the process fetching an estimated Rs 19,633 crore for the states.
Mandakini block alone would contribute Rs 18,712 crore. “Mandakini Exploration and Mining Ltd bids the highest,” tweeted Coal Secretary Anil Swarup. As per a spokesperson of Monnet Ispat, Mandakini Exploration is a joint venture between Monnet and Jindal Photo.
As per officials, the bid closed at Rs 650/tonne. Bidding for Mandakini block, meant for the power sector and having one of the largest extractable reserves at 287.88 million tonne (MT), began at 11 am at Re 1 and continued till 7.35 pm with highest bid coming at Rs 650/tonne. The auction mode was reverse bidding for this mine.
Don Bosco Alumni Matunga Unit To Celebrate Women’s Day
Don Bosco Alumni Matunga Unit is sponsoring on the eve of International Women’s Day a special Dinner for approx 300 plus women from Tribal and Rural areas who are being helped by Salesian Sisters. The event is organized by Sister Moksha of Anmol at Auxilium School, Wadala on the 7th March ’15 at 7pm. They will do Mumbai Darshan on the 8th. Don Bosco Alumni Matunga Unit is also sponsoring Tea & Biscuits for the expected 1000 Women at another event organized by Don Bosco Development Society.
New Tool Launched For Effective Water Management
The new version of the India Water Tool (IWT 2.0), which helps users understand water risks and prioritise actions for sustainable water management, was launched at the Confederation of Indian Industry’s (CII) Water India 2015 event held in New Delhi. Anil Jain, MD, Jain Irrigation, says: “The issue of water availability and quality is becoming a big issue in India especially when it comes to competing demands of water from industry, farmers and households. The tool delivers meaningful value in providing access to data so that value of water can be properly measured, risk can be properly assessed and industries and agencies can make the right decisions.”
