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Panaji: Chowgule & Company Private Limited (CCPL) is all set to start commercial coal mining in the Shahpur (East) coal mine in Shahdol district, Madhya Pradesh after it signed an agreement with the Union ministry of coal, mines and parliamentary affairs. The Goan conglomerate won the bid for the coal mine in the e-auctions conducted in November last year. The company signed the agreement as a part of the Coal Unleashed event in the presence of Union home minister Amit Shah and minister of coal, mines & parliamentary affairs Prahlad Joshi. “We are thrilled to be part of the country’s first ever commercial coal mining bid and to win the Sahahpur mine coal block,” said Padma Chowgule, chairman and managing director of the company. “The auction is a bold step by the government towards achieving the goal of Atmanirbhar Bharat. Meanwhile, our company’s diversification into the coal sector is a part of our strategy to achieve robust, sustainable growth in the ye ....
104-year-old Chowgule Group being restructured; biz to be split between siblings SECTIONS Last Updated: Jan 14, 2021, 09:07 PM IST Share Synopsis After months of dissonance where the young family members had shown discomfort at business affairs in the over-a-century-old, reticent group, the family arrived at an amicable settlement of businesses on Wednesday in a meeting, a source told . The fourth generation of the Mormugao-based family has sided with Padma, while Vijay Chowgule grouping will get the vehicle dealership, ship repair, Angre Port and warehousing businesses, the source said. The Rs 2,500-crore Chowgule Group announced a split on Thursday, with businesses being divided between siblings Vijay and Padma, the third generation of the Goa-based family. ....