Dalmia Cement becomes highest bidder for Jharkhand’s 2 coal blocks

10 Feb 2022 CW Team

Dalmia Cement Bharat Limited (DCBL), a subsidiary of Dalmia Bharat Limited, has emerged as the highest bidder for Jharkhand ‘s two coal blocks that were auctioned for commercial usage.

On Tuesday, the Ministry of Coal told the media that Mahanadi Mines and Minerals Pvt Ltd appeared as the highest bidder for a coal block in Odisha, Yazdani Steel And Power Limited, was the highest bidder for another coal mine in the eastern state.

Assam Mineral Development Corporation Limited was the highest bidder for a mine in Assam. Five coal mines were placed for auction on the first day of the auction, as per the statement.

Four coal mines are entirely explored, and one block is partially explored. The complete geological reserve of these five coal mines is 1,188.16 million tonnes. The total peak rated capacity for these coal mines is 5.944 million tonnes per annum.

Currently, Dalmia Bharat is trading at Rs. 1960.05, up by 17.70 points or 0.91% from its last closing of Rs. 1942.35 on the Bombay Stock Exchange (BSE).

Dalmia Bharat Group has emerged as one of the most reputable India's cement manufacturers, contributing to nation-building via adequate capacity creation, consistently high-quality standards, and value-added products.

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Also read: Dalmia Cement Bharat partners with Jharkhand Govt

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