Vedanta is planning to acquire coal mines via auctions to ensure fuel security for its energy-guzzling aluminium plants. The government has not finalised the dates for holding a fourth round of coal mine. The company added imported coal prices softened 20 per cent in 2015-16. Vedanta group firm Balco had won the Chotia and Gare Palma IV/1 blocks, both in Chhattisgarh, in the first tranche of auctions on February 17 and 21 last year, respectively.
Contact: Vedanta Resources.
Tel: 022 6646 1000
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