NMDC setting up mill at Nagarnar

 

NMDC

 

The Coal Ministry has allotted two Coking Coal mines, Rohne and Rabodih, in Jharkhand to the Steel Central Public Sector Enterprises (CPSE’s).

The mines will add about more than 10 MT per annum and boost the coking coal production in the country, a significant step towards reducing the dependence of Steel Industry on imported coal.

The ‘Rohne’ Coal Mine has been allotted to National Mineral Development Corporation Limited for Sale of Coal. It will also serve the purpose of captive use of coking coal to NMDC’s upcoming steel plant at Nagarnar.

The ‘Robodih’ coal mine has been allotted to Rashtriya Ispat Nigam Limited for captive use of production of Iron & Steel.

These mines will, over their lifetime, generate about Rs.7,000 crore revenue for State Government, besides royalties and other applicable taxes.

Both NMDC and RINL would set up their Washeries for washing coal.

The latest allotment is in addition to 5 coal mines which have been allocated to successful bidders and 6 coal mines which have allotted to PSU’s.

In all, the 13 mines will add more than 35 MT per annum coal to the domestic availability of coal.

Apart from the royalties and applicable taxes, the mines are slated to generate about Rs.31,000/- crore revenue over their lifetime for State Governments. fiinews.com

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