Hindalco gets Kathautia coal mine in Jharkhand

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Hindalco Industries has bagged a coal mine in an auction in Jharkhand.
Reportedly Coal Secretary Anil Swarup has confirmed the development saying that “Kathautia mine goes to Hindalco at Rs 2,860 (per tonne).”

Kathautia closed at Rs 2,860 which means Rs 228 crore per annum and Rs 6,800 crore for 30 years.
Other companies like Monnet Ispat & Energy, Ultratech Cement and Rungta Mines were in the race for the mine.

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