ECL Reopens Two Closed Mines Under Revenue Sharing Model

04 Nov 2025 CW Team

Union Coal Minister G Kishan Reddy virtually inaugurated the operationalisation of two closed mining projects of Eastern Coalfields Ltd (ECL) under the Mine Developer and Operator (MDO) revenue sharing model. The move marks a strategic shift towards reviving loss-making assets and enhancing private participation in India’s coal mining sector.

The Gopinathpur open cast mine in the Mugma area of Dhanbad, Jharkhand, and the Chinakuri underground mine in Sodepur, Paschim Bardhaman, West Bengal, are the first two closed projects revived under this framework, according to ECL Chairman and Managing Director Satish Jha.

As part of its restructuring strategy, ECL amalgamated 16 loss-making mines into 10 and offered them to private operators through the MDO model. The initiative is expected to improve operational efficiency, reduce costs, and strengthen the company’s overall output and profitability through a sustainable revenue-sharing mechanism.

The Gopinathpur open cast project holds an extractable reserve of 13.73 million tonnes and a peak rated capacity (PRC) of 0.76 million tonnes per annum. The MDO partner will share 4.59 per cent of the project’s revenue with ECL. Coal production under the 25-year contract began on 13 September 2025.

The Chinakuri underground project, ECL’s first underground mine under the MDO model, has an extractable reserve of 16.7 million tonnes and a PRC of 1 million tonnes per year. The operator will share 8 per cent of the revenue with ECL over the 25-year period.

ECL said the operationalisation of these projects represents a “major milestone” in its turnaround plan and will contribute to the Ministry of Coal’s broader goal of improving production, sustainability, and competitiveness in India’s coal sector.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..