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

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..