NLC India bags Odisha coal mine with 1.38 billion tonnes capacity

State-owned NLC India Ltd on Monday said that it has bagged a coal mine in Odisha.

The coal produced from the mine will address the energy security of the country.

The coal mine has total reserves of around 1.38 billion tonnes with an operatable peak-rated capacity of 30 million tonnes per annum (MTPA).

"NLC India Ltd has emerged as the successful bidder for the Machhakata (revised) coal mine in Angul district of Odisha in the eighth round of commercial coal block e-auction," the company said in a statement.

This is the second coal mine won by the public sector enterprise after North Dhadu coal block (Western Part).

The company said that it is committed to its capacity addition in line with its vision of achieving more than 100 MTPA by 2030 from the present 50 MTPA.
 

NLC India's core business is mining and power generation.

Meanwhile, the coal ministry on Monday executed the Coal Mining Development and Production Agreements for three coal mines that were auctioned.

The mines for which agreements were executed are Machhakata (Revised) coal mine, Kudanali Lubri coal mine, and Sakhigopal-B Kakurhi coal mine, the coal ministry said in a statement.

The successful bidders are NLC India Ltd, Gujarat Mineral Development Corporation Ltd, and Tamil Nadu Generation and Distribution Corporation Limited, respectively.

GMDC bags coal block in Odisha

State-owned GMDC said that it has been awarded a coal block in Odisha.

This is the company's third coal block in the eastern state.

"Gujarat Mineral Development Corporation (GMDC)...marks a significant milestone with the successful execution of Coal Mining Development and Production Agreement with Ministry of Coal for 'Kudanali-Lubri' coal mine, Odisha," the PSU said in a statement.

The mine is a partially explored block with an estimated reserve of 396.10 million tonnes (MT) of thermal coal. With the addition of this coal mine, the estimated coal reserves with GMDC now stand at around 2040 MT.

"We are committed to driving growth and security in the energy sector. The addition of...coal mine in our portfolio is a significant milestone for us, as it not only strengthens our resource portfolio but also enables us to maximize our operational efficiencies and cost effectiveness in a single state outside Gujarat," GMDC MD Roopwant Singh said.

Gujarat Mineral Development Corporation Limited is one of the leading mining firms in the country. The state-owned company currently has five operational lignite mines located in Kutch, South Gujarat, and Bhavnagar region.