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).
Read more about Odisha government grants mining lease of Utkal-E coal block to NALCO on Business Standard. The Department of Steel and Mines of Odisha government granted the mining lease of Utkal-E coal block to National Aluminium Company Limited (NALCO) through a notification issued on April 12
NALCO gets mining lease for Utkal-E coal block in Odisha ANI | Updated: Apr 16, 2021 14:50 IST
Bhubaneswar (Odisha) [India] April 16 (ANI): Public sector enterprise National Aluminium Company Ltd (NALCO) said on Friday it has been granted mining lease of Utkal-E coal block in Odisha.
The lease has been granted by the state Department of Steel and Mines.
The initial capacity of Utkal-E coal block is two million tonnes per year with a total mineable reserve of 70 million tonnes.
NALCO executed the mining lease for the Utkal-D coal block last month. With this, the total mineable coal reserve will be 175 million tonnes. 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, said Chairman and Managing Director Sridhar Patra.
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.
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