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The National Aluminium Company Ltd (NALCO), one of India’s leading producers of alumina and aluminium, has been granted the mining lease of the Utkal E coal block.
The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on 12 April. As per the notification, the mining lease of the Utkal E coal block is over an area of 523.73 Ha in villages Nandichhod, Gopinathpur Jungle, Kundajhari Jungle, Kosala & Korada under Chendipada Tahasil of Angul District. The initial capacity of the Utkal E coal block is 2 million tpy with a total mineable reserve of approximately 70 million t.
India’s NALCO secures long-term mining lease for Utkal-E coal block 19 Apr 2021 (Last Updated April 19th, 2021 15:06)
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.
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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.
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 gets mining lease for Utkal-E coal block freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
National Aluminium Company Ltd (Nalco) on Friday said it has been granted the mining lease of Utkal-E coal block in Odisha. The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 hectare, the company said in a filing to BSE. The initial capacity of the block is 2 million tonnes per year with a total mineable reserve of approximately 70 million tonne.
Nalco has already executed the mining lease for Utkal-D coal block in March 2021. 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.
Nifty, Sensex Indecisive – Weekly closing report
Moneylife Digital Team
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We had mentioned in last week’s closing report that Nifty, Sensex were directionless. The major indices faced a correction this week. The trend of the major indices in the week is given in the table:
On Monday, the indices suffered a major correction and ended with huge losses. On the NSE, there were 241 advances, 1,740 declines and 313 unchanged.
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