NALCO bags the mining rights for UTKAL-E coal block, to begin with an output of 2 million tonnes per annum

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Source: PRNewswire

After the securing UTKAL-D, addition of UTKAL-E takes NALCO reserves to 175 million tonnes

India’s leading producer of alumina and aluminium, National Aluminium Company Limited (NALCO) has been granted the mining lease for the UTKAL-E block earlier this month. With the addition of the new lease, NALCO’s reserves are estimated to be about 175 million tonnes.

The initial capacity of Utkal-E coal block is 2 million tonnes per year with a total mineable reserve of approx. 70 million tonnes. The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 Ha in villages Nandichhod, Gopinathpur Jungle, Kundajhari Jungle, Kosala & Korada under Chendipada Tahasil of Angul District.

On behalf of NALCO collective, Shri Sridhar Patra, CMD of the Company has thanked the State & Central Governments for sanctioning the mining lease and said that the NALCO team is very optimistic on starting the mining operation from Utkal-D coal block in this financial year. “With the grant of the mining lease of Utkal E coal block, the planned expansion activities of the Company will get a boost and will contribute significantly to the bottom line of NALCO”, he said.

Last month, NALCO had been allotted the UTKAL-D Block and from the two sources initially NALCO will be able to produce 4 million tonnes of coal per year from the operation of Utkal-D & E coal blocks. The lease for Utkal-D & E Coal block has been granted to NALCO for a period of 30 years.

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