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| Exchange Disseminated Time | Ambuja Cements Ltd has informed BSE that the Company has participated in the e-auction of coal blocks conducted by the Nominated Authority of the Ministry of Coal, Government of India and has successfully secured the block at Gare-Palma Sector-IV/8 in the state of Chhattisgarh at a bid price of Rs. 2291/-per MT.
The estimated capex for the development of this coal block would be approx Rs. 370 Crores and the mining operation is expected to commence in the year 2018.
Although, the Company keeps securing coal from various sources in any form for its day to day operations. |
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