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    JSPL highest bidder at 25% revenue sharing for Gare Palma IV/I

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    JSPL highest bidder at 25% revenue sharing for Gare Palma IV/I

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    Jindal Steel and Power has emerged as the highest bidder at 25 percent revenue sharing for Gare Palma IV/I. “We are the H1 bidder at 25 percent premium over the index and if the government of India, ministry of mines hand it over to us then it will take about 10-12 months’ time to commence mining,” VR Sharma, MD of JSPL told CNBC-TV18.

    Jindal Steel and Power has emerged as the highest bidder at 25 percent revenue sharing for Gare Palma IV/I.
    “We are the H1 bidder at 25 percent premium over the index and if the government of India, ministry of mines hand it over to us then it will take about 10-12 months’ time to commence mining,” VR Sharma, MD of JSPL told CNBC-TV18.
    “Last time also we were the highest bidder from JSPL side but government of India decided not to hand over the mines to us and they continued with Coal India. So we do not know government’s decision as of now,” he added.
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