Business Update15 May 2026, 03:22 pm
Sunflag Iron & Steel: Successful Bidder for Tambia South Coal Block
AI Summary
Sunflag Iron & Steel Company Ltd has been declared the "Successful Bidder" for the Tambia South Coal Block (Commercial Mining) in Madhya Pradesh. The allocation was made in the 12th tranche of auction under the Mines and Mineral (Development and Regulations) Act, 1957, by the Ministry of Coal through the Nominated Authority. The communication regarding the successful bid was received on May 14, 2026.
Key Highlights
- Sunflag Iron & Steel wins bid for Tambia South Coal Block.
- The coal block is located in Madhya Pradesh.
- Auction was held under Mines and Mineral (Development and Regulations) Act, 1957.
- Allocation is for commercial mining purposes.