Jindal Steel and Power Limited (JSPL) has bagged the Utkal-B1 and B2 blocks in the fourth tranche of commercial coal mining auctions at a bid price of 15.25%. The blocks, with combined geological reserves of 347 mnt, are spread across Odisha’s Angul district, but the Ministry of Coal had considered their sale against a single bid. Five other bidders were in contention, among whom were JSW Steel and Shyam Metaliks.
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