Hindalco Industries wins one more coal block; makes total to three.

Continuing aggressive bidding, Hindalco Industries has bagged one more mine in the ongoing coal auction, taking the total number of blocks won by the firm to three that includes two in Chhattisgarh and one in Jharkhand.

'Hindalco is the highest bidder at Rs. 3,001 (per tonne) for Gare Palma 4/4,' Coal Secretary Anil Swarup tweeted.

Hindalco had on February 15 bagged Kathautia mine in Jharkhand and also won GareIV/5 mine in Chhattisgarh on February 19.

Gare Palma IV/4 mine in Chhatisgarh is the third block bagged in the ongoing auction by the Aditya Birla Group firm last night, sources said. The bidding for the mine continued for more than 12 hours recently.

The states will get over Rs l lakh crore, including royalty, over the next 30 years from sale of 17 coal blocks sold so far through the ongoing auction.


ET