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Vedanta to bring 2 coal blocks into operation in FY23
Vedanta aims to start up two coal blocks in Odisha this fiscal year and is working on a proposal to speed up the start-up of another coal mine in the eastern state. Vedanta is aiming for long-term coal security, particularly as thermal power plants and the unregulated sector have experienced supply difficulties in the current and previous years. Jamkhani and Radhikapur (West) coal blocks are reportedly expected to operationalise, Vedanta stated in its 2021-22 integrated report and annual reports.
The company is a prominent oil and gas and metals corporation with large activities in India, South Africa, and Namibia in oil and gas, zinc, lead, silver, copper, iron ore, steel, aluminium and electricity. The company procured the Jamkhani block in 2019 and the Radhikapur West block in 2020 auctions.
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