Signs Coal Mining Agreement with NLC India
Adani Enterprises announced that its subsidiary, Talabira (Odisha) Mining has become a successful bidder for Mine Developer and Operator tender of Talabira II & III coal block issued by NLC India. The project is expected to generate a revenue of Rs 12,200 crore. The mine capacity will be of 20 million tonnes per annum with total minable reserve of about 554 million tonnes. The contract period will be till exhaustion of reserves (about 35 years) including development period.Coal Mining Agreement between NLC India and Talabira (Odisha) Mining along with Adani Enterprises for development and operation of Talabira II & III coal block has been executed.
With this, development contractual capacity of AEL as a MDO has now become 52 MTPA.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU