The Adani Group firm has not disclosed the bid amount for the block but said it is spread over an area of 547 hectare with estimated limestone resource of about 141 million tonne.
“The company shall get the statutory licences and permits related to mining operations to be declared a ‘successful bidder’ and subsequently enter into a ‘Mine Development and Production Agreement (MDPA)’ with Government of Odisha to commence the mining operation,” it said.
Preferred bidders are those who are selected by the vendor with the intention to sell the business or award a contract, subject to the completion of terms and conditions.
Ambuja Cements with its subsidiary ACC Ltd has a capacity of 67.5 million tonne with 14 integrated cement manufacturing plants and 16 cement grinding units across the country.
