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  Business   Companies  26 Mar 2018  Adani Enterprises signs coal mining pact with NLC India

Adani Enterprises signs coal mining pact with NLC India

PTI
Published : Mar 26, 2018, 4:32 pm IST
Updated : Mar 26, 2018, 4:32 pm IST

NLC had floated a tender for selection of MDO for development and operation of the two Talabira blocks in November 2017.

The project is expected to generate a revenue of Rs 12,200 crore.
 The project is expected to generate a revenue of Rs 12,200 crore.

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 filing to BSE, it said its subsidiary, Talabira (Odisha) Mining Pvt Ltd (TOMPL), "has signed coal mining agreement (CMA) with NLC India Ltd alongwith 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 Rs 12,200 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 minable 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.

 

Tags: adani enterprises, coal block, nlc india, agreement
Location: India, Delhi, New Delhi