DBL-DECO Consortium has become the Lowest -1 (L1) Bidder at Rs. 837 per Metric Tonne of mined out Coal from the Block in the ‘Reverse Auction conducted by Damodar Valley Corporation for MDO tender of Tubed Coal block (with mineable reserves of 130 Million Metric Tonnes), located at Auranga Coalfields, District Latehar, Jharkhand.
In a statement, it said, “We are pleased to inform you that the Company has participated in consortium with Dhansar Engineering Company Private Limited (DECO) in the Tender Process for the selection of Mine Developer cum Operator (MDO) for the Development and Operations of Tubed Coal Block, Auranga Coalfields, District Latehar, Jharkhand allocated to Damodar Valley Corporation by Government of India.”
The expected life of the mine will be 29 years i.e. 2 years of construction period and 27 years of operation. The mineable reserves of the block are 130 Million Metric Tonnes with the peak capacity of 6 Million Metric Tonnes Per Annum.
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