Ministry of Coal declared Jindal Power as the successful bidder for Gare Palma IV/1 Mine

Raipur, (the states. news) Jindal Power Limited (JPL) a subsidiary of Jindal Steel & Power Limited (JSPL) led by renowned Industrialist Mr. Naveen Jindal has been declared the successful bidder for Gare Palma IV/1 coal mine by the Ministry of Coal.

“Jindal Power Ltd. won an auction for Gare Palma IV/1 coal mine at 25% bid premium of the representative price. We are thankful to the Ministry of Coal for declaring us as the successful bidder”, said V R Sharma, MD, JSPL, in a statement here today.

About JSPL:  JSPL is a leading Indian Infrastructure Conglomerate with a presence in the Steel, Power, and Mining sectors. With an investment of approximately 12 billion USD (90,000 Crore Rupees) across the globe, the Company is continuously scaling its capacity utilization and efficiencies to contribute towards building a self-reliant India. JPL operating from Tamnar has 3400 MW capacity and it is the premier Independent Power Producing Company from the Private Sector. (media saheb.com)