Coal news and updates

Fierce bidding likely for Gare Palma 2 & 3

Coal block Gare Palma 2 & 3 has a capacity of 6.25 mtpa in Chattisgarh. The coal block was earlier allocated to Jindal Steel and Power

With as many as 10 companies in fray, fierce bidding is expected for the Gare Palma 2 & 3 coal block, in the upcoming e-auction, sources tell CNBC-TV18. Some of the bidders that have shown interest in these coal blocks are Adani Power , DB Power, GMR , Hindalco , KSK Power, Lanco, Ratan India, Rosa Power, Sesa Sterlite & Simhapur Power. Gare Palma 2 & 3 has a capacity of 6.25 MTPA in Chattisgarh. The coal block was earlier allocated to Jindal Steel and Power .

Source: Moneycontrol