NEW DELHI: Hyderabad-based renewable energy firm Axis Energy and Reliance Industries Ltd emerged as top bidders in the latest auction of coal block auctions aimed at boosting domestic coal gasification and cleaner energy production.
According to bid participant details released following the opening of technical bids, Axis Energy Ventures India Pvt Ltd and Reliance Industries Ltd jointly bid for 17 blocks in Odisha, Chhattisgarh and Andhra Pradesh, underscoring their strong strategic interest in coal gasification and downstream value-added applications.
Other bidders included Penna Enterprises, which bid for one block in Odisha. NRSK 0LQHV DQG 0LQHUDOV 3YW /WG DQG &DOLEHU 0LQLQJ DQG /RJLVtics Ltd bid for two blocks each. Sai Surya Professional Services Pvt Ltd and Singareni Collieries Co Ltd-Telangana Power Generation Corp Ltd
The government had, in October, offered a total of 41 coal mines in the 14th round of commercial auctions, including provisions for underground coal gasification (UCG) for the first time.