Adani Power takes one of three mines on Day-1 of commercial coal auction

Firm quoted 9.5% premium on reserve price of Gondkhari coal mine in Maharashtra

For the second round of bidding under the commercial coal auction, Adani Power won one mine from the three offered on the first day. The company quoted 9.5 per cent premium on the reserve price of the Gondkhari coal mine in Maharashtra.

In the first round of commercial coal auction held last year, Adani Enterprises has bid for the highest number of coal mines through its various companies.

For the other two mines, Raipur based CG Natural Resources Pvt Ltd and Gurugram headquartered South West Pinnacle Exploration Ltd quoted bids at 24 per cent and 6 per cent premium respectively.