News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Friday, August 14, 2015 12:55:00 PM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 1425 Times
Coal auction 3.0: Jaypee Cement wins Majra mine in Maharashtra.
The last block of the third round of coal mine auction went to Jaypee Cement, a subsidiary of Jaypee Associates. Jaypee Cement won the Majra mine in Maharashtra for Rs 1,230 per tonne. The extractable reserves of the mine are 14.92 tonne and the floor price at which bidding started was Rs. 800 per tonne. The company will pay the state government Rs 1,853.26 crore for a period of 30 years.

Jaypee Cement had earlier won Mandla South in Madhya Pradesh during the first phase of auction at a price of Rs 1,852 per tonne. As a group, this is Jaypee Associates’ fourth win in the three phases of auction till yet. It had earlier won one non-power block — Mandla South — during the first phase and one non-power block — Mandla North — and one power block — Amelia North, both in MP during the second phase.

Majra mine was earlier allotted to Gondwana Ispat before a Supreme Court order last August struck down all coal block allocations made over the past two decades. The first phase was for Schedule-III producing power and non-power blocks and subsequent phases were for Schedule-II about to produce blocks.

The third phase of auction was strictly for unregulated sector i.e. iron, steel and cements manufacturing. There was forward bidding model for these blocks wherein the bidders quoted above the floor price and the highest bidder wonthe block. This phase had blocks which could not be auctioned in the earlier phases as they were involved in any legal tussles or whose allocation was cancelled by the government. The earlier two phases of the coal auction for 40 producing coal blocks were held in February-April 2015 fetching the mine bearing states cumulative revenue of Rs 2.85 lakh crore for a period of 30 years. Both power and non-power sector participated in the same.

BS

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Two more plants planned in cement-saturated South.
Birla Corp to set up clinker plant in Maharashtra
Burnpur Cement to invest Rs.500 crore for capacity expansion.
With more plants, Kajaria aims to increase footprints on its tiles
Cera forms jt venture for tile making unit.
Birla Corp to acquire Lafarge India’s cement units for Rs. 5,000 crore.
LafargeHolcim to sell 2 plants to Birla Corp for about Rs. 5,000 cr.
Somany plans its south factory in Seemandhra.
JSW plans to raise cement capacity without raising cost.
Dalmia Cement Bharat forays into Maharashtra.
RELATED PROJECTS & TENDERS
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback