India-based National Aluminium Company Limited (NALCO) has secured a 30-year mining lease for the Utkal-E coal block in the state of Orissa.
Granted 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.
Go deeper with GlobalData
With an estimated total mineable reserve of approximately 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 financial 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 firm initially plans to produce 4Mtpa of coal from the Utkal-D & E coal blocks.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn 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) recently secured a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine.
