Commercial Mines Auction: Sunflag Iron And Steel Highest Bidder For Coal Block In Maharashtra

Sunflag Iron and Steel Company Ltd has emerged as the highest bidder for a coal block in Maharashtra auctioned for commercial use, according to an official statement. Shreesatya Mines Pvt Ltd emerged as the highest bidder for another coal block in Jharkhand on the second day of the second round of bidding under the commercial coal auction, the coal ministry said in a statement. While Sunflag Iron and Steel Company quoted a nine per cent premium on the reserve price of Bhivkund coal mine in Maharashtra, Shreesatya Mines Pvt Ltd…

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