Hindalco Industries on Sunday emerged as the successful bidder for the Kathautia coal mine in Jharkand at a price of Rs 2,860 per tonne.The company is expected to win for two more mines — Sarisatolli in West Bengal and Belgaon in Maharashtra.The Jharkhand government is likely to garner Rs 6,800 crore, over a period of 30 years, from the Kathuatia mine that has geological reserves of an estimated 30 million tonnes (mt).
Sarisatolli is reserved for the power sector.
The Belgaon mine, located in Maharashtra, is reserved for sponge iron production.
While the Sial Ghoghri block in Madhya Pradesh went to the Anil Ambani-owned Reliance Cement.
Meanwhile, the coal ministry has also announced that 130 bidders have technically qualified to participate in the final round of auction for 21 schedule III (near operational) blocks.
