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Dilip Buildcon consortium executes pact for development of a Rs 32,156 cr coal proj

Press Trust of India  |  New Delhi 

Infrastructure firm said Wednesday its consortium has executed a pact for development of a Rs 32,156 crore coal mine project of

The company has executed for execution of (MDO) contract of Pachhwara central coal block located in Jharkhand's district, (DBL) said in a BSE filing.

"in consortium with VPR Mining has been awarded the contract of (MDO) for the development and operation of Pachhwara central coal Block located at Raimahal coalfield, District pakur, by PSPCL," the filing said.

"The project is valued at Rs 32,156.04 crore," the company said.

The mine has reserves of 383 MT with a life of 55 years.

has a shareholding of 74 per cent and VPR 26 per cent in the SPV set up for the execution of the project, it added.

Shares of declined by 3.46 per cent to end at Rs 749.60 on BSE.

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

First Published: Wed, September 12 2018. 19:36 IST