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Jindal Power bags Gare Palma Sector (East) coal block under forward auction

Jindal Power bags Gare Palma Sector (East) coal block under forward auction
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Jindal Power bags Gare Palma Sector (East) coal block under forward auction

Jindal Power Ltd on Friday won the bid for Gare Palma Sector 1 (East) coal block, which has geological reserves of 965 million tonnes.The coal block was successfully bid by Jindal Power under the forward auction of mines, which the Coal . ....

New Delhi , Coal Ministry , Jindal Power Ltd On , Jindal Power Ltd , Gare Palma Sector , Jindal Power , Shree Cement , Dalmia Cement , Ambuja Cement ,

India's NALCO secures long-term mining lease for Utkal-E coal block

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). ....

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Adani Enterprises signs mining contract for Gare Palma Sector II coal mine

5 April 2021 (Last Updated April 5th, 2021 09:21)
Adani Enterprises (AEL) has bagged a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine in India.
The Gare Palma Sector II coal mine was allocated to MAHAGENCO in 2015. Credit: Анатолий Стафичук from Pixabay.
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Adani Enterprises (AEL) has bagged a new coal mining agreement (CMA) from Maharashtra State Power Generation Company (MAHAGENCO) for the Gare Palma Sector II coal mine in India.
As per the agreement, AEL and its wholly-owned subsidiary company Gare Palma II Collieries (GPIICPL) will develop and operate the Gare Palma Sector II coal mine. ....

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Sensex, Nifty drift lower in early trade; breadth negative

Key benchmark indices are trading lower in early trade on selling pressure in index pivotals as trading resumed after long weekend. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 390.27 points or 0.78% at 49,639.56. The Nifty 50 index was down 99.40 points or 0.67% at 14,767.95.
The S&P BSE Mid-Cap index was down 0.47%. The S&P BSE Small-Cap index was down 0.53%.
The market breadth, indicating the overall health of the market, is negative. On the BSE, 882 shares rose and 1158 shares fell. A total of 142 shares were unchanged.
Meanwhile, in the wake of rising COVID-19 cases in Maharashtra, Uddhav Thackeray-led state government on April 4 imposed new curbs to control the transmission rate of the contagion. Maharashtra will be put under night curfew from 8 pm to 7 am from April 5. ....

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