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Dilip Buildcon secures MDO contract for Pachhwara Central Coal Block

Capital Market 

Dilip Buildcon (DBL) in consortium with VPR Mining Infrastructure has been awarded the contract of Mine Developer cum Operator (MDO) for the Development and Operation of Pachhwara Central Coal Block located at Coalfield, District Pakur, by (PSPCL) for 55 years.

As per the terms of contract, DBL Pachhwara Coal Mines (a Special Purpose Vehicle- SPV) was incorporated by DBL having shareholding of 74% and VPR having shareholding of 26% for execution of the project.

The project is valued at Rs 32,156.04 crore.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 11:25 IST