Centre Issues Allocation Orders For 3 Coal Mines In Odisha

Bhubaneswar: The Ministry of Coal on Thursday issued allocation orders for 3 coal mines in Odisha’s Angul district to different companies.

While Machhakata (Revisied) coal mine has been allocated to NLC India Limited, Kudanali Lubri and Sakhigopal-B Kakurhi have been allocated to Gujarat Mineral Development Corporation Limited and TANGEDCO respectively. Of these three coal mines, one is fully explored coal mine and two are partially explored ones.

The cumulative Peak Rated Capacity (PRC) of the three coal mines for which vesting orders have been issued is 30 MTPA and are having 2,194.10 MT of geological reserves. These mines are expected to generate an annual revenue of Rs 2,991.20 crore calculated on the basis of PRC and will attract capital investment of Rs 4,500 crore. It will provide employment to approximately 40,560 people both directly and indirectly.

With this, vesting/allocation orders have been issued for 95 coal mines till date with cumulative PRC of 202.50 MTPA. This will result in generating annual revenue of Rs. 29,516.84 crore calculated on the basis of PRC of the mines and will generate employment for 2,73,773 people both directly and indirectly, said a release of the ministry.