Prakash Industries emerges top bidder for Bhaskarpara coal block in Chhattisgarh

Prakash Industries has emerged as the highest bidder for Bhaskarpara coal block in Chhattisgarh.

An official, quoting the results of e-auction for coal mines under the eight tranche, told PTI that Birla Corporation bagged the Brahmapuri mine in Madhya Pradesh.

While Jindal Steel and Power Ltd (JSPL) was the highest bidder for Gare Palma IV/1 coal block in Chhattisgarh with a bid price of Rs 230 per tonne, Birla Corporation Ltd bagged the Bikram coal block in Madhya Pradesh with a bid price of Rs 154 per tonne.

Prakash Industries recently said it has commenced the mining operations in the Sirkagutu Iron and Manganese ore mine of the company at Keonjhar, Odisha. The company said the operations have commened after execution of the mining lease and obtaining all statutory clearances.

As per the company’s website, Prakash Industries Limited (PIL) was established in 1980 with a focused vision to become an Integrated Steel & Power company. Delivering sustainable value to all its stakeholders.

Image Credit : investmentguruindia.com

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