Satyam, Mahalakshmi consortium wins bid for largest coal reserve in NE
COAL & MINING

Satyam, Mahalakshmi consortium wins bid for largest coal reserve in NE

Consortium of Satyam and Mahalakshmi Group won the auction of largest coal reserve of Northeast India at Nampuk Namchik in Arunachal Pradesh. The consortium stated in the recent auction of North East's largest coal mine located at Nampuk Namchik in Arunachal Pradesh, two major industrial groups of eastern India, Satyam Group and Mahalakshmi Group won the auction.

This has now paved the way for legal coal mining and transportation in Northeast India. Last year the auction of most of the coal mines across the country was completed and coal mining also started. But due to various technical reasons, the auction of the Nampuk Namchik coal mine could not take place. This coal mine was completed again this month and companies from all over the country were bidding.

The consortium stated that this time the auction rate of the mine here was kept 55 per cent above the base price. The consortium of these two groups won by bidding 65 per cent. “With the resumption of this coal mining worth hundreds of crores every year, the new development will take place in the Northeast. Not only will the industry get a boost in the Northeast, but the way for legal coal mining will open and the government will get huge revenue”. Illegal coal mining and its transportation has been a major problem in the Northeast.

The consortium stated, “But with the commencement of mining from the biggest coal mine of the Northeast, many avenues will open up. This will not only improve the economic condition of the North East, but also increase employment opportunities on a large scale and accelerate business activities”.

Also Read

Cabinet approves NHPC's investment in India's largest hydro project

Greenfield project in Ballia to connect with the Bihar border in UP


Consortium of Satyam and Mahalakshmi Group won the auction of largest coal reserve of Northeast India at Nampuk Namchik in Arunachal Pradesh. The consortium stated in the recent auction of North East's largest coal mine located at Nampuk Namchik in Arunachal Pradesh, two major industrial groups of eastern India, Satyam Group and Mahalakshmi Group won the auction. This has now paved the way for legal coal mining and transportation in Northeast India. Last year the auction of most of the coal mines across the country was completed and coal mining also started. But due to various technical reasons, the auction of the Nampuk Namchik coal mine could not take place. This coal mine was completed again this month and companies from all over the country were bidding. The consortium stated that this time the auction rate of the mine here was kept 55 per cent above the base price. The consortium of these two groups won by bidding 65 per cent. “With the resumption of this coal mining worth hundreds of crores every year, the new development will take place in the Northeast. Not only will the industry get a boost in the Northeast, but the way for legal coal mining will open and the government will get huge revenue”. Illegal coal mining and its transportation has been a major problem in the Northeast. The consortium stated, “But with the commencement of mining from the biggest coal mine of the Northeast, many avenues will open up. This will not only improve the economic condition of the North East, but also increase employment opportunities on a large scale and accelerate business activities”.Also ReadCabinet approves NHPC's investment in India's largest hydro projectGreenfield project in Ballia to connect with the Bihar border in UP

Next Story
Infrastructure Energy

NTPC Signs $11.5 Billion Clean Energy Deals in Chhattisgarh

Juniper Green Energy has successfully commissioned a 100-MW solar power project aimed at supplying electricity to Bhutan, marking a significant milestone in regional energy integration. According to the company's statement, the project facilitates a crucial cross-border agreement allowing Bhutan to receive 50% of the power generated during the winter months. This arrangement permits Bhutan to directly import power from an Indian generator under an established bilateral trade framework. Located in Rajasthan, the solar project contributes a total generation capacity of 100 MW. Highlighting the..

Next Story
Infrastructure Energy

Juniper Green Commissions 100-MW Solar Project for Bhutan

The New Delhi Municipal Council (NDMC) held its first council meeting since the Delhi Assembly polls focusing on a comprehensive Summer Action Plan aimed at achieving 100% solar energy adoption by 2026. The meeting, led by MP Bansuri Swaraj, began with the swearing-in of three new NDMC members — Delhi Minister and New Delhi MLA Parvesh Sahib Singh, Delhi Cantt. MLA Virender Singh Kadian, and Ravi Kumar Arora, Additional Secretary of the Ministry of Housing and Urban Affairs. Solar Energy Push NDMC Vice Chairman Kuljeet Singh Chahal announced the civic body's ambitious solar energy plans, ..

Next Story
Infrastructure Energy

NDMC Pushes for 100% Solar Energy by 2026

Mumbai-based energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital, with participation from UC Impower and other angel investors. Founded in 2017 by IIT Bombay alumni, AmpereHour Energy focuses on building AI/ML-enabled Energy Storage Systems ranging from kW/kWh scale systems for Mini-grids to MW/MWh scale systems compatible with solar PV and wind plants. The systems are designed to be plug-and-play, integrated with the company’s proprietary Energy Management platform, Elina. The fresh capital will be directed towards expanding manufacturing and software capabi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?