B S Ispat wins mine in Maharashtra

On the third day of the coal auction today, B S Ispat today won a mine in Maharashtra.
"B S Ispat gets Marki Mangli 3 at (Rs) 918 (per tonne)," Coal Secretary Anil Swarup tweeted.
The four companies vying for Marki Mangli III mine were B S Ispat Ltd, JSW Cement, Sunflag Iron & Steel and Topworth Urja and Metals Ltd.
Three mines on the offer in today's auction are Mandla North (MP), Marki Mangli III (Maharashtra) and Trans Damodar (West Bengal).
While Mandla North, marked for the non-power sector, has extractable reserves of 84 MT, Marki Mangli III (also for non-power sector) has extracted reserves of 4.20 MT.

Trans Damodar mine for the power sector has extractable reserves of 48.40 MT.

The auction for the other two mines is underway, an official said. In all, six mines have been sold so far.
Sunflag Iron and Steel and CESE won two coal blocks - one in Maharashtra and the other in West Bengal - put up for auction yesterday.
Swarup confirmed the development saying that Belgaon mine in Maharashtra "closes at Rs 1,785 (per tonne) goes to Sunflag Iron and Steel."
Another mine Sarsatoli in West Bengal was bagged by CESE.
"Sarsatoli closed at 470. Gone to CESE," Swarup said.

Both the mines were put on auction yesterday on the second day of auction.
Adani Power, CESC, GMR Chhattisgarh Energy, Haldia Energy, Sheesham Commercial Pvt Ltd are among the companies vying for Sarsatoli mine.
While for Belgaon mine the companies in race were are Balco, Reliance Cement Co Pvt Ltd, Sunflag Iron & Steel Ltd and Topworth Urja & Metals Ltd.
Hindalco Industries had also walked away with a coal mine in Jharkhand yesterday.
After the Supreme Court cancelled allocation of 204 mines in September, the government decided to auction the blocks. It is putting up 19 blocks on sale in the first tranche.