By Bizodisha Bureau, Bhubaneswar, March 5, 2015

Odisha’s Mandakini coal block in Anugul district will be auctioned on day 2. Mandakini coal block has reserve of about 287.88 mt (extractable) meant for coal fired power plant.

Earlier this coal block was allotted to Monnet Ispat & Energy. But the new qualified bidders include Adani Power, Adani Power Maharashtra, GMR Mining & Energy, Jindal Power, Mandakini Exploration & Mining and Wigeon Commotrade. The sale of this coal block alone will fetch Rs 2,800 crore to the exchequer, sources said.

The government has so far received Rs 10,700 crore from sale of coal in the second phase of auction.