It is the third day of the commercial coal auction that has been underway in Delhi. Among other things, Gare Palma is coming up for the bids as well.
The most important coal block for auction today is Gare Palma IV/1. It is important because Adani, Hindalco and JSPL are eyeing this coal block in the commercial mining auction. The opening floor price is at 24 percent of revenue sharing and the bids have yet to start.
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