B S Ispat wins coal mine in Maharashtra

On the third day of the coal auction on Monday, B S Ispat 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 Monday’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.