July 15th 2024.
In an exciting development, NLC India Ltd, a state-owned company, announced on Monday that it has secured a coal mine in Odisha's Angul district. This coal mine is a significant addition to the country's energy resources and will contribute to its energy security.
The coal mine has an impressive reserve of about 1.38 billion tonnes and is capable of producing 30 million tonnes of coal per year. NLC India Ltd emerged as the successful bidder for this coal mine in the eighth round of commercial coal block e-auction. This is the company's second coal mine win, following the North Dhadu coal block.
In a statement, the company expressed its commitment to its growth and expansion plans. They have a vision of achieving a production capacity of more than 100 million tonnes per annum by 2030, which is double their current capacity of 50 million tonnes per annum. NLC India Ltd's primary business is mining and power generation, and this new coal mine will significantly contribute to both aspects.
On the same day, the coal ministry executed the Coal Mining Development and Production Agreements for three coal mines that were auctioned. These include Machhakata coal mine, Kudanali Lubri coal mine, and Sakhigopal-B Kakurhi coal mine. The successful bidders for these mines are NLC India Ltd, Gujarat Mineral Development Corporation Ltd, and Tamil Nadu Generation and Distribution Corporation Limited, respectively.
This is a significant achievement for NLC India Ltd, and it reflects the company's dedication and hard work towards its goals. As the country continues to develop and grow, the demand for energy resources will only increase, and NLC India Ltd's contribution will play a crucial role in meeting this demand.
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