New Delhi, Dec 31 (PTI) Industrialist Naveen Jindal-owned JSPL on Thursday said its subsidiary Jindal Power has been declared as the successful bidder for a block of Gare Palma coal mine in Chhattisgarh.

In a statement, Jindal Steel and Power Ltd (JSPL) said the coal ministry has declared Jindal Power as the successful bidder for Gare Palma IV/1 Mine.

"Jindal Power Ltd won (the) auction...at 25 per cent bid premium of the representative price. We are thankful to the Ministry of Coal for declaring us as the successful bidder," JSPL Managing Director V R Sharma said in the statement.

Part of the OP Jindal Group, JSPL has a presence in steel, power, mining and infrastructure sectors.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)