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

06 Apr 2026

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..