NLC India Ltd on 6 September announced that they are aiming to start mining at the Machhakata coal block ahead of schedule.
The Machhakata coal block is the second commercial coal block and the biggest among the company’s mining projects.
NLC India, whose main businesses are mining and power generation, emerged as the successful bidder for the Machhakata (Revised) coal block in Odisha’s Angul district during the commercial coal block e-auction held in July. The vesting order for the Machhakata Coal Block was issued on 5 September.
According to a statement by NLCIL, the Machhakata coal block contains reserves of 1.4 billion tonnes (BT) with an average grade of G10-G11 and a capacity of 30 MTPA. It is expected to rank among the top five largest mines in the country.
The company added, “NLCIL aims to commence the mining ahead of schedule. This marks another milestone towards realising NLCIL’s Corporate Plan 2030.”
NLC India reiterated its commitment to expanding its coal production capacity to over 100 million tonnes per annum (MTPA) by 2030, up from its current 50 MTPA. This is in line with its long-term vision of capacity growth.
Additionally, the Coal Ministry has formalised agreements for the development and production of three auctioned coal mines, further advancing India’s coal sector.
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