Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ Industry / Energy/  Adani Enterprises signs coal mining pact with NLC India
BackBack

Adani Enterprises signs coal mining pact with NLC India

Adani Enterprises has signed a coal mining agreement with NLC India for development and operation of Talabira II and III coal block

Adani Enterprises revealed the coal mining agreement in a BSE filing. Photo: Pradeep Gaur/MintPremium
Adani Enterprises revealed the coal mining agreement in a BSE filing. Photo: Pradeep Gaur/Mint

New Delhi: Adani Enterprises on Monday said it has signed a coal mining agreement with NLC India Ltd for development and operation of Talabira II and III coal block.

In a BSE filing, it said its subsidiary, Talabira (Odisha) Mining Pvt. Ltd (TOMPL), “has signed coal mining agreement (CMA) with NLC India Ltd along with the company for development and operation of Talabira II and III coal block...".

TOMPL has become a successful bidder for mine developer and operator (MDO) tender of Talabira II and III coal block issues by NLC India Ltd, it said. “The project is expected to generate a revenue of Rs12,200 crore. The block is located in IB valley coalfields in Sambalpur and Jharsuguda in Odisha and the mine capacity shall be of 20 million tonne per annum (MTPA) with total mineable reserve of about 554 MT," Adani Enterprises said.

The coal ministry has allocated the block to NLC India for development, mining and captive consumption of the dry fuel from the blocks in its various end use power plants. NLC had floated a tender for selection of MDO for development and operation of the two Talabira blocks in November 2017 and reverse auction was conducted in January, wherein TOMPL became the successful bidder.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 26 Mar 2018, 04:35 PM IST
Next Story footLogo
Recommended For You
Energy Stocks
₹1,907.4-1.2%
₹172.8-1.48%
₹615.95-0.05%
₹92.87-0.71%
₹363.15-0.32%
Switch to the Mint app for fast and personalized news - Get App