SCCL signs MoU for coal purchase from Naini block

22 Dec 2022 CW Team

Damodar Valley Corporation, a leading thermal power producer from Jharkhand, has signed a Memorandum of Understanding to purchase 43 lakh tonnes of coal per annum from the Singareni Naini coal block.

Singareni Collieries Company (SCCL) General Manager K Satyanarayana and Damodar Valley Corporation Executive Director (Energy Department) Taru Santh Kumar signed the agreement in the presence of Executive Director (Coal Momentum) J Alvin, at Singareni Bhawan.

Suryanarayana said NTPC thermal plants in various States and Genco in Tamil Nadu were showing interest in purchasing coal from Naini coal block and that they would soon sign a coal supply agreement with them as well. With coal production at the Naini coal block of the SCCL soon to begin, the thermal power plants of many States were coming forward to purchase coal from the company, he said.

He said that under the guidance of Chairman and Managing Director of the company N Sridhar, the company was successfully supplying coal on time to thermal power stations of Telangana as well as other States. SCCL DGMs NV Rajasekhara Rao, Tadaboina Srinivas and Sattu Sanjay were present.

Naini Coal Mine is a 10 million-tonnes-per-annum opencast mine operated by Singareni Collieries, in Angul district of Odisha. The total mining area lease for the project is 912.79 hectares, including 783 hectares of forest land (643 hectares of which is reserve forest). As for project approvals, the coal block received its environmental clearance in October 2021, while the stage-I forest clearance was granted just prior to this in July 2021. As of August 2022, the stage-II forest clearance is still pending.

Also Read
NH-29 Package- III: NHIDCL receives three proposals
Microfinance loans increases by 11% in Q2 FY23

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..