NALCO signs allotment agreement for coal blocks in Odisha

Terms it a Holi gift

National Aluminium Company Limited (NALCO) had been allotted Utkal-D & E coal blocks, near the company's Captive Power Plant in Angul district of Odisha.

The allotment agreement for these blocks having a reserve of more than 200 million tonnes of coal was signed between the Centre and NALCO in New Delhi yesterday.

Terming it as a Holi gift, NALCO CMD T K Chand thanked the Union Government and congratulated all the employees as well as the stakeholders.

"The company's smooth operation and expansion plans hinged on the allocation of these blocks. With this, NALCO's captive resources have been enriched, which will see the company through the next three decades and more," said Chand.

Vivek Bharadwaj, Nominated Authority, on behalf of Government of India and D Manjit, GM (Coal Mines Division), NALCO signed the agreement.

N R Mohanty, Director (P&T) handed over the documents to Chand today at Bhubaneswar.