Jindal Steel and Power bags two coal blocks in Odisha
Steel

Jindal Steel and Power bags two coal blocks in Odisha

Steel major Jindal Steel and Power Limited (JSPL) won two coal blocks for the purpose of commercial coal mining in Odisha by offering a revenue share of 15.25%.

As per an official statement, Utkal B1 and B2 are the coal blocks having geological reserves of 347 million tonnes (mt) along with a peak rated capacity of 8 million tonnes. Twenty First Century Mining Private Limited has won a coal mine in Jharkhand by offering a revenue share of 6%. The Rabodih OCP coal block comprises geological reserves of 133 mt along with a peak rated capacity of 2.50 mt.

BS Ispat has won the Chinora coal mine in the state of Maharashtra by offering a revenue share of 53%. The mine comprises geological reserves of 18 mt along with a peak rated capacity of 0.26 mt.

According to the statement, four coal mines were put up for auction under the CMSP Act on the first day of the e-auction.

The four coal mines have been fully explored. The total geological reserves for the same are 498.10 million tonnes. Cumulative peak rate capacity (PRC) for the four coal mines is 10.76 mt on an annual basis, it said.

Image Source

Also read: JSL profit increases to Rs 5,682.37 crore in Dec quarter

Steel major Jindal Steel and Power Limited (JSPL) won two coal blocks for the purpose of commercial coal mining in Odisha by offering a revenue share of 15.25%. As per an official statement, Utkal B1 and B2 are the coal blocks having geological reserves of 347 million tonnes (mt) along with a peak rated capacity of 8 million tonnes. Twenty First Century Mining Private Limited has won a coal mine in Jharkhand by offering a revenue share of 6%. The Rabodih OCP coal block comprises geological reserves of 133 mt along with a peak rated capacity of 2.50 mt. BS Ispat has won the Chinora coal mine in the state of Maharashtra by offering a revenue share of 53%. The mine comprises geological reserves of 18 mt along with a peak rated capacity of 0.26 mt. According to the statement, four coal mines were put up for auction under the CMSP Act on the first day of the e-auction. The four coal mines have been fully explored. The total geological reserves for the same are 498.10 million tonnes. Cumulative peak rate capacity (PRC) for the four coal mines is 10.76 mt on an annual basis, it said. Image Source Also read: JSL profit increases to Rs 5,682.37 crore in Dec quarter

Next Story
Infrastructure Transport

NHAI to Upgrade Tamil Nadu Highways

To reduce congestion on key national highways in Tamil Nadu, the National Highways Authority of India (NHAI) has planned capacity upgrades for at least eight highway stretches. The improvements will include bypasses, flyovers, and four-laning in Salem, Coimbatore, Tiruppur, Nilgiris, and Cuddalore. NHAI has invited tenders to appoint consultants for preparing detailed project reports (DPRs) on these expansions. The affected highways include NH-181, NH-81, NH-532, NH-85, and NH-136. Proposed Upgrades Across Highways - NH-181 (Coimbatore-Gundlupet Route): This stretch will see four bypasses an..

Next Story
Infrastructure Transport

Ludhiana-Bathinda Highway Revived as NHAI Invites Bids

The Ludhiana-Bathinda highway project, initially stalled due to land acquisition issues, has been revived as the National Highways Authority of India (NHAI) invites fresh bids to resume construction. The project, part of the Ludhiana-Ajmer Economic Corridor, is estimated to cost Rs 24.61 billion and will be executed in two phases. Package 1, covering 30.03 km, has a budget of Rs 9.06 billion, while Package 2, spanning 45.25 km, is set to cost Rs 15.55 billion. The NHAI had previously withdrawn the project due to unavailability of land. However, intervention from Union Minister for Road Trans..

Next Story
Infrastructure Urban

Dilip Buildcon Wins Rs 460M Arbitration

Infrastructure major Dilip Buildcon has secured an arbitration award of Rs 460 million against the National Highways Authority of India (NHAI) over delays and breaches during the execution of a highway project in Karnataka. The dispute pertains to the Rehabilitation and Upgradation of the Kerala Border to Kollegala Section of NH 212, awarded to Dilip Buildcon under an Engineering, Procurement, and Construction (EPC) agreement dated June 6, 2014. The project involved two-lane expansion with paved shoulders and four-lane development under the National Highways Development Project (NHDP) Phase IV..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?