19 FEBRUARY 2015Business Standard
Hindalco inches up on securing Gare Palma coal mine
Edited by : AL CIRCLE
1 min read
Shares of industry leader in aluminium and copper, Hindalco Industries have inched up in today’s trade and are trading higher by 1.4% to Rs 154 on the BSE after it won the Gare Palma coal mine in Chhattisgarh by outbidding companies like BALCO, Sesa Sterlite, Ambuja Cements, which were also vying for the same block.
"Gare Palma coal mine was won by Hindaco Industries at INR 3,502 per tonne today. The mine was put on offer yesterday and the bidding for the block lasted for over 12 hours," a senior Coal Ministry official said.
Hindalco has secured two mines out of the 13 put on offer to date.
"Gare Palma coal mine was won by Hindaco Industries at INR 3,502 per tonne today. The mine was put on offer yesterday and the bidding for the block lasted for over 12 hours," a senior Coal Ministry official said.
Hindalco has secured two mines out of the 13 put on offer to date.
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