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Centre points allocation orders for Machhakata, Kudanali Lubri, Sakhigopal-B Kakurhi business coal mines

by Index Investing News
September 5, 2024
in Financial
Reading Time: 4 mins read
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The Ministry of Coal on Thursday issued allocation orders for 3 coal mines, one totally explored and two partially explored, in line with an official assertion. The three mines are: Machhakata, Kudanali Lubri, and Sakhigopal-B Kakurhi.

Whereas the Machhakata mine order was issued to NLC India Ltd, the orders for the Kudanali Lubri and Sakhigopal-B Kakurhi mines had been issued to Gujarat Mineral Growth Company Ltd and TANGEDCO respectively.

The ministry stated that the cumulative peak rated capability (PRC) of the three coal mines, for which the vesting orders had been issued, amounted to 30.00 MTPA.

The geological reserves of the mines stood at round 2,194.10 MT, it stated.

The ministry additionally stated that the three mines are anticipated to generate annual income to the tune of Rs 2,991.2 crore calculated on the idea of PRC.

The mines will appeal to capital funding of Rs 4,500 crore and supply direct and oblique employment to roughly 40,560 folks.

 

 

 

 





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Tags: AllocationcentreCoalcommercialIssuesKakurhiKudanaliLubriMachhakataminesordersSakhigopalB
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