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Gare Palma sought after coal cluster - Report

Coal News - Published on Tue, 10 Mar 2015

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It is reported that the Gare Palma cluster of coal blocks has emerged as most sought after among the 29 state-owned entities who are vying for allotment of 43 Schedule II and III coal blocks.

Altogether nine state government-owned companies and public sector units are in fray for the Gare Palma Sector II, including Andhra Pradesh Power Genco, Goa Industrial Dev Corp, Gujarat State Electricity Corp, Madhya Pradesh Power Genco, Maharashtra State Power Genco, NTPC, Tamil Nadu Genco, Singareni Collieries and UP Rajya Vidyut Utpadan Nigam.

The Gare Palma Sector II block was earlier allocated to Maha Tamil Collieries, a joint venture between Tamil Nadu Electricity Board and Maharashtra State Mining Corp, which was given to Lanco Infra to develop as a Mine Developer and Operator.

For Gare Palma Sector III, eight including Chhattisgarh State Power Genco, Goa Industrial Dev Corp, Gujarat State Electricity Corp, MP Power Genco, Maharashtra State Power Genco, NTPC, Telengana State Power Genco and UP Rajya Vidyut Utpadan are in the race.

Other in-demand blocks are Chendipada twin blocks, Dulanga, Mahanadi and Machchhakata, Manoharpur and Dipside Manoharpur, and Talaipalli.

There are some, most of which are in West Bengal, where there are single bidders like in case of Barjora, Barjora North, Gangaramchak and Gangaramchak Bhadulia, Kagra Jaydev, Kasta East, Sitanala and Tara East & West.

A letter issued to the applications said that "Applications for allotment of 43 Schedule-II and III coal blocks have been received which are under evaluation as per the Coal Mines (Special Provisions) Second Ordinance, 2014."

To ensure the smooth transfer of rights title and interests in these mines to the allottees, both state-owned as well as private sector companies, the coal secretary would be holding meeting with the chief secretaries of the states and the 29 applicant state governments-owned companies and central public sector units on Monday.

Meanwhile, Hindalco, bagged the Dumri mine in Jharkhand, its third win in the on-going auctioning process and its first from the Schedule III list of mines. Hindalco had earlier bagged the lucrative Gare Palma IV/4 and Gare Palma IV/5 from the Schedule II blocks. The winning bid for Dumri came at INR 2,127 a tonne against the floor price of Rs 2,125. Indrajit Power won the Nerad Malegaon block quoting a bid price of Rs 660 a tonne against a floor price of INR 413 a tonne.

Source – DNA India

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Posted By : admin on Tue, 10 Mar 2015
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