Jindal Steel and Power bags two coal blocks in Odisha

04 Apr 2022 CW Team

Steel major Jindal Steel and Power Limited (JSPL) won two coal blocks for the purpose of commercial coal mining in Odisha by offering a revenue share of 15.25%.

As per an official statement, Utkal B1 and B2 are the coal blocks having geological reserves of 347 million tonnes (mt) along with a peak rated capacity of 8 million tonnes. Twenty First Century Mining Private Limited has won a coal mine in Jharkhand by offering a revenue share of 6%. The Rabodih OCP coal block comprises geological reserves of 133 mt along with a peak rated capacity of 2.50 mt.

BS Ispat has won the Chinora coal mine in the state of Maharashtra by offering a revenue share of 53%. The mine comprises geological reserves of 18 mt along with a peak rated capacity of 0.26 mt.

According to the statement, four coal mines were put up for auction under the CMSP Act on the first day of the e-auction.

The four coal mines have been fully explored. The total geological reserves for the same are 498.10 million tonnes. Cumulative peak rate capacity (PRC) for the four coal mines is 10.76 mt on an annual basis, it said.

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Also read: JSL profit increases to Rs 5,682.37 crore in Dec quarter

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