How India's most expensive limestone block in Chhattisgarh was auctioned

Dalmia Cement emerges the preferred bidder

After nearly 24 hours of record bidding, with 600 bids coming in, the country’s most expensive limestone block in Chhattisgarh finally went to Dalmia (Bharat) Cement.
 

The Kesla-II limestone block in Raipur district of Chhattisgarh with an estimated reserve of 215 million tonnes was put for auction. The reserve price of the block, spread across 357 hectares of area, was fixed at 5 per cent of IBM prices while the floor price was 21 per cent of IBM prices.
 

Four prominent cement makers, including Dalmia (Bharat) Cement, Adani, UltraTech and Mangalam Cement submitted the bids. Adani reportedly did not participate