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Cement maker Ultratech secured a coal linkage to its cement plants in Chhattisgarh and Maharashtra of 4.09 lakh tons, reports India Today.
The company entered a bid for coal linkages and secured 129,000 tons of coal at a premium of INR 100 per ton over a floor price of Rs.970 per ton from the Gevra Road mine, in Maharashtra. It also secured 138,200 tons of coal at a premium of Rs.124 per ton over a floor price of Rs.970 per ton from the New Kusmunda mine in Chhattisgarh.
Ultratech has already expressed its willingness to participate in future coal likage auctions.
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