R Krishna Das | Raipur
However, all eyes are set on Adani Mining, a subsidiary of the Adani group, as the company is looking for a maximum gain in the deal.The company is already working as MDO for Rajasthan Vidyut Nigam Limited that has a coal block in Chhattisgarh’s Sarguja region.
The MDO for all the four blocks would be selected following the method of reverse auction that would result in aggressive bidding. For the GSECL block, the first tender was cancelled and fresh was floated as Adani Mining was the only bidder as other companies failed to match the clauses mentioned in the Qualification Requirements (QRs). The GSECL had reportedly made some amendment in the QRs to pave way for more players to participate.
|Block||Reserve (in mt)||Company|