Monnet Power Company bagged the Utkal C mine in Odisha - 5th day of the second phase of coal block auctions - for an estimated Rs 9,537.22 crore, while the bidding for Lohari block continued. The cumulative revenue to the exchequer has reached Rs 1.74 lakh crore from the sale of 32 mines so far, including Rs 1 lakh crore from sale of 19 mines in the first tranche.
´Utkal C coal block closes at (Rs) 770 (a tonne),´ said Coal Secretary Anil Swarup. According to information available on the official website for the coal auctions, the Utkal C was bagged by Monnet Power Company Ltd with a closing bid of Rs 770 a tonne.
Utkal C has an extractable reserve of 123.86 million tonnes (MT). It was previously allotted to Utkal Coal Ltd.
´Auction for Utkal C block for power sector under Talcher coalfield in Angul district of Odisha, began at 11 am with a Rs 100 a tonne bid. For Lohari, the auction began at Rs 1,690 per tonne,´ an official told PTI.
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