India-based National Aluminium Company Limited (NALCO) has acquired a 30-year mining lease for the Utkal-E coal block in the state of Orissa.
Decided by the Department of Steel & Mines, Government of Odisha, the lease for the block covers an area of 523.73ha in villages, including Nandichhod, Gopinathpur Jungle, Kundajhari Jungle, Kosala and Korada under Chendipada Tahasil of Angul District.
With an estimated total mineable reserve of in the order of 70 million tonnes, the mine will have
an initial production capacity of two million tonnes per year (Mtpa).
NALCO had already secured a 30-year mining lease for the Utkal-D coal block last month and plans to start operations at the block in this fiscal year.
NALCO chairman-cum-managing director (CMD) Sridhar Patra said: “With the grant of the mining lease of Utkal E coal block, the planned expansion activities of the company will get a boost and will contribute significantly to the bottom line of NALCO.”
The company initially plans to produce 4Mtpa of coal from the Utkal-D & E coal blocks.
In a press statement, NALCO said: “With the grant of Utkal D & E coal blocks, the total mineable coal reserve of the company will be 175 million tonnes, which will be pivotal in meeting the coal requirement of its Captive Power Plant at Angul, Odisha.”
Adani Enterprises (AEL) lately secured a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine.
