JPL is the wholly owned subsidiary of JSPL. Subsequently, JSPL's stock shot up 25.6 per cent on the BSE exchange on Thursday. Chhattisgarh would earn proceeds of Rs 1,692 crore (Rs 16.92 billion) over the life of the mine, including Rs 1,524 crore (Rs 15.24 billion) in royalty. Annual revenue from the auction would be Rs 67.5 crore (Rs 675 million) and from royalty, Rs 61.25 crore (Rs 612.5 million). In all the operational coal blocks that it lost, JSPL has submitted more than one bid. For its most attractive and also the controversial blocks, Gare Palma IV/1&7, JSPL has given four bids. Budget 2015: Complete Coverage Business Standard had reported in December, when the re-allocation started, in the e-auctions, the blocks hit by controversy most were likely to witness the stiffest fight from former owners. The other such winner is Hindalco that has won two blocks till now. JSPL is yet to compete for Gare Palma IV/1, which it owned earlier and for which it has put four bids against five bidders.