You are here: Home » PTI Stories » National » News
Business Standard

Dilip Buildcon emerges as lowest bidder for Mahanadi Coalfields' project

Dilip Buildcon said it has emerged as the lowest bidder for development of CIL arm's mining project in Odisha having a contract value of Rs 37,215.54 crore

Dilip Buildcon | Odisha  | Mahanadi Coalfields

Press Trust of India  |  New Delhi 

Dilip Buildcon
Dilip Buildcon

on Saturday said it has emerged as the lowest bidder for development of CIL arm's mining project in having a contract value of Rs 37,215.54 crore.

The mineable reserve of the block to be exploited over a contract period of 25 years is 1,091 million metric tonnes at a peak rated capacity of 50 MTPA (million tonne per annum), the company said in a filing to BSE.

"The company has emerged as L-1 (lowest ) bidder in the tender floated by MCL (Ltd) for development and operation of Siarmal Open Cast Project in Odisha," it said.

MCL is a subsidiary of Coal India Ltd (CIL).

CIL accounts for over 80 per cent of domestic coal output.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, November 07 2020. 17:43 IST