aXYKno Successfully Concludes bidding for Mahatamil Collieris
Mahatamil Collieries Ltd, a Joint Venture of Maharashtra State Mining Corporation (77%) and Tamil Nadu Electricity Board(26%) , awarded LoA for its Gare Pelma II Coal block to the Consortium of Lanco & Massey Energy. a’XYKno was the sole Transaction Advisor for the Selection of MDO for Gare Pelma II, one of the biggest coal blocks in India with reserves to the tune of 768 MT.
Selection was done through International Competitive Bidding wherein 32 bids from top Corporate houses in India and abroad, were received.
