Coal auctions: Topworth Urja & Metals bags Marki Mangli-I mine

Topworth Urja & Metals has emerged as the highest bidder for Marki Mangli-I mine in Maharashtra at the close of first day of third tranche of coal auctions, which will fetch the government Rs 712 crore.
"Marki Mangli 1 coal block closes at (Rs) 715 (per tonne)," Coal Secretary Anil Swarup said in a tweet.
A Coal Ministry official said that Topworth Urja & Metals Ltd has emerged as the highest bidder for the mine in Maharashtra.
The other firms which were in the race for the mine are Grace Industries Ltd and Lloyds Metals and Energy Ltd.
The amount of proceeds has been calculated based on extractable reserves and highest bid price.

The extractable reserves of Marki Mangli-I mine are 9.96 million tonnes (MT).

Topworth Urja & Metals has three power plants located within its steel plants having a combined generation capacity of 62 MW. It is also setting up a 140 MW power plant for its captive purpose, according to the company's website.
However, the bidding for Bhaskarpara mine in Chhattisgarh is still on.
The companies that are in race for Bhaskarpara Coal Mine are Jindal Steel and Power Ltd, Crest Steel and Power Pvt Ltd and Godawari Natural Resources Ltd.
Marki Mangli-I mine was earlier allocated to B S Ispat Ltd, while Bhaskarpara mine in Chhattisgarh was jointly alloted to Electrotherm (India) Ltd and Grasim Industries Ltd.

Chitarpur mine in Jharkhand will be put on the block tomorrow while Parbatpur Central mine in Jharkhand and Majra in Maharashtra will be available for auction on Thursday.
The schedule for the auction of Jamkhani coal mine in Odisha will be announced at a later date due to a court case.
"Pursuant to the Delhi High Court case, the schedule for e-auction of Jamkhani coal mine shall be announced at a later date," according to Coal Ministry's website.