40 firms in fray for three captive coal mines.

Around 40 steel, sponge iron and cement companies have so far purchased bid documents for the three captive coal mines on offer. This is the first auction of captive coal assets in India.

While the sale of bid documents will continue till May 27, the Central Mine Planning and Design Institute will hold a pre-bid meeting on behalf of the Coal Ministry with the interested parties in Ranchi recently.

On February 26, the Centre offered three small-size blocks - Jhirki & Jhirki-West (Jharkhand), Andal Babuisol (West Bengal) and Tokisud-II (Jharkhand) - to steel, sponge iron and cement industries, respectively.


HBL