Indiabulls has emerged as the successful Bidder in Maharashtra State Mining Corporation’s (MSMC) Tender for JV Partner for Mining Operations and business thereof for their share of the Gare Pelma II Coal Block. The block has estimated reserves of 768 Million Metric Tonnes.

Indiabulls has recently been awarded the Bhaiyathan Power Project by Chhattisgarh State Electricity Board (“CSEB”). The project comes with a captive coal mine of 350 Million Metric Tonnes.

Indiabulls has also forayed into Renewable Sources of Energy and has signed the MoU with Punjab Energy Development Agency for setting up a 5 MW Grid connected Solar PV Project in Punjab, after successfully bidding for the project in a tariff based competitive bid process.