Vedanta emerges as successful bidder for coal block in Odisha

21 Jun 2021 CW Team

Vedanta has emerged as a successful bidder for a coal block in Odisha, which was put for rebid in the second attempt of the auction of blocks for commercial mining.

The Ministry of Coal told the media that the total number of mines successfully auctioned in the first tranche of the auction for commercial mining is 20 out of 38 coal mines offered, with the successful auction of Kurali (A) north coal mine in Odisha. Out of 39 coal mines, 19 were successfully auctioned in the first auction attempt under the 11th tranche of auction under the CM Act 2015 and under the first tranche of auction under the MMDR Act 1957.

Four coal mines out of the remaining mines which had fetched a single bid in the first attempt were put up for re-auction in a second attempt by the Ministry of Coal with the same terms and conditions but with the best initial offer received within the first annulled attempt of the auction as the floor price for the second attempt.

For commercial mining, the coal ministry had launched the auction process of 38 coal mines in the first tranche of the auction to sell coal.

Kurali (A) North is the largest mine in terms of PRC of all the mines successfully auctioned in the first tranche with a peak rated capacity of eight million tonnes per annum (MTPA).

The mine is expected to provide employment to over 10,000 people and also generate annual revenue of Rs 763 crore.

Image Source

Also read: Vedanta to establish aluminium park in Odisha at Rs 10k cr

Also read: Vedanta unit plans 10-year extension for Barmer field in Rajasthan

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..