New Delhi, March 3 (SocialNews.XYZ) Jindal Power Ltd on Friday won the bid for Gare Palma Sector 1 (East) coal block, which has geological reserves of 965 million tonnes.
The coal block was successfully bid by Jindal Power under the forward auction of mines, which the Coal Ministry had started on February 27.
This particular coal mine, located in Chhattisgarh, will, upon operationalisation, generate an annual revenue of Rs 1,968 crore and will attract a capital investment of Rs 2,250 crore, while providing employment to more than 20,000 people, official sources said.
Of the 141 coal blocks up for auction, bid results for 18 mines have been announced so far by the government. Entities like Shree Cement, Dalmia Cement, JSW Steel, Ambuja Cement and JSW Cement among others have been among the successful bidders.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz