Tata Power gets mining license project in Russia worth $4.7 mn

To use mined coal for Mundra, Trombay power plants

Tata Power on Friday said it has won a mining license in Far East Russia and it aims to deploy the coal mined for its Mundra, Trombay power plants in India. In the release, the company added, it will also look to export to Far East Asian markets.

The company in its statement to BSE said its Russian subsidiary Far Eastern Natural Resources LLC, has been awarded the mining license of a thermal coal mine in Kamchatka province in Far East Russia. The subsidiary was awarded the license for $4.7 million in an auction process.

“The