Fierce bidding likely for Gare Palma 2 3 coal block

Written By Unknown on Senin, 19 Januari 2015 | 16.02

Gare Palma 2 & 3 has a capacity of 6.25 MTPA in Chattisgarh. The coal block was earlier allocated to Jindal Steel and Power.

With as many as 10 companies in fray, fierce bidding is expected for the Gare Palma 2 & 3 coal block, in the upcoming e-auction, sources tell CNBC-TV18.

Some of the bidders that have shown interest in these coal blocks are Adani Power , DB Power, GMR , Hindalco , KSK Power, Lanco, Ratan India, Rosa Power, Sesa Sterlite  & Simhapur Power.

Gare Palma 2 & 3 has a capacity of 6.25 MTPA in Chattisgarh. The coal block was earlier allocated to Jindal Steel and Power .

Adani Power stock price

On January 19, 2015, at 14:30 hrs Adani Power was quoting at Rs 46.40, up Rs 0.60, or 1.31 percent. The 52-week high of the share was Rs 68.50 and the 52-week low was Rs 31.90.


The company's trailing 12-month (TTM) EPS was at Rs 6.31 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 7.35. The latest book value of the company is Rs 27.11 per share. At current value, the price-to-book value of the company is 1.71.


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