Coal mine auction: JSPL moves Delhi High Court against Centre’s decision

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Earlier on Saturday, the government had rejected the bid of Jindal Steel and Power Ltd amid speculation of cartelisation during the auction of coal blocks held recently.

The government was re-examining the bids for nine recently auctioned coal blocks, including those where Jindal Steel & Power (JSPL) and Balco emerged top bidders.

Jindal Power had emerged as successful bidder for Gare IV/2, Gare Palma IV/3 and Tara Coal blocks. Among those, bids for Gare Palma IV/3 and Tara Coal blocks were not accepted by the government.

So far, a total of 33 coal blocks have been auctioned in two tranches. While in the first lot 19 coal mines were auctioned, in the second lot 14 coal blocks went under the hammer.

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