Adani Enterprises inks coal mining pact with NLC

Adani Enterprises has signed a coal mining agreement with NLC India Ltd for development and operation of Talabira II and III coal block.

In BSE filing, it said its subsidiary, Talabira (Odisha) Mining Pvt Ltd (TOMPL), “has signed coal mining agreement (CMA) with NLC India Ltd alongwith the company for development and operation of Talabira II and III coal block.”.

It said TOMPL has become a successful bidder for mine developer and operator (MDO) tender of Talabira II and III coal block issues by NLC India Ltd.

“The project is expected to generate a revenue of Rs 12,200 crore. The block is located in IB valley coalfields in Sambalpur and Jharsuguda in Odisha and the mine capacity shall be of 20 million tonne per annum (MTPA) with total minable reserve of about 554 MT,” it added.

Image Credit : images.asianage.com

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