India's Jindal Steel, Hindalco among bidders for commercial coal mines

Nuvoco Vistas

28/06/2023 12:48

NEW DELHI, June 28 (Reuters) - India has received bids
from 22 companies, including Jindal Steel and Power  JNSP.NS 
and Hindalco Industries  HALC.NS , for the commercial extraction
of coal from 18 thermal and coking coal mines, the Ministry of
Coal said on Wednesday.
    Most of the mines have reserves of thermal coal used in
power generation, while one has the variety used in the process
of making steel. Half of the mines are fully explored and the
others partially, the ministry said in a statement.
    The total capacity of the fully explored mines is 47.8
million tonnes per year.
    The other bidders include Sunflag Iron and Steel  SFLG.NS ,
miner NLC India  NLCI.NS , the mining unit of power company NTPC
 NTPC.NS , and cement and ready-mix concrete company Nuvoco
Vistas  NUVO.NS .
    The government wants private players to boost coal
production in the country as power demand surges. State-run Coal
India  COAL.NS  dominates coal mining in the country.

 (Reporting by Sakshi Dayal; Editing by Krishna N. Das)
 ((Sakshi.Dayal@thomsonreuters.com;))