JSPL Bags Gare Palma Coal Block in Chhattisgarh

Jindal Steel and Power Ltd announced that the coal ministry has declared Jindal Power as the successful bidder for Gare Palma IV/1 Coal Mine in
JSPL Bags Gare Palma Coal Block in Chhattisgarh
JSPL Gare Palma Coal BlockThe Quint

Jindal Steel and Power Ltd announced that the coal ministry has declared Jindal Power as the successful bidder for Gare Palma IV/1 Coal Mine in Chhattisgarh. Jindal Power Ltd won the auction 25% bid premium of the representative price.

The Jindal Group emerging the top bidder for the Gare-Palma-IV/1 mine comes a year after Jindal Steel and Power Ltd bid the highest for it in the November 2019 coal mine auctions. But despite the highest bid during auctions, the Centre had not awarded the mine to JSPL, saying that the bid price was too low and eventually the coal mine went back to Coal India.

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