At last, Adani Enterprises won a coal block after missing out on five consecutive days since the bidding began on Monday.
The company bagged Gondulpara block by quoting highest bid of 20.75% against floor price of 20.25%, for which Essel Mining, India Coke and Power, and Vedanta were also in race.
It is pertinent to note that Stratatech Mineral Resources, a subsidiary of Adani has already acquired Dharauli block on Day 2, but the holding company had scored a blank for Chakla, Bandha, Gare Palma IV/1, Rajhara North and Radhikapur East blocks on previous occasions.
Adani Enterprises has been involved in coal mining and also operates as MDO (Mine Developer and Operator) for various coal projects. Notably, after losing MDO contract for Siarmal block, the company was eager to own a new block.
So far, 18 coal blocks have been auctioned under the commercial coal mining, marking its conclusion the high profile Gare Palma IV/7 block would be sold on the last day i.e. on 9 Nov ’20, which had received joint highest bids (8) in the technical round.
Among the participants, apart from Adani Enterprises, the others are from end-user industry who would like to secure a coal block to cater their coal requirements.
Block-wise Winners List
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