Balco plea rejected
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POWER & RENEWABLE ENERGY

Balco plea rejected

01 Sep 2015 1 Min Read Editorial Team
The government has rejected a plea of Bharat Aluminium Company (Balco), a Vedanta group firm, to accept its winning bid for an auctioned coal mine in Chhattisgarh. The government had in March, rejected bids for three coal blocks - one by Balco and two by Jindal Power Ltd - citing low prices and handed over the mines to Coal India. The companies had moved to the Delhi High Court.

The government has rejected a plea of Bharat Aluminium Company (Balco), a Vedanta group firm, to accept its winning bid for an auctioned coal mine in Chhattisgarh. The government had in March, rejected bids for three coal blocks - one by Balco and two by Jindal Power Ltd - citing low prices and handed over the mines to Coal India. The companies had moved to the Delhi High Court.

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