National Aluminium Company gets mining lease for Utkal-E coal block

National Aluminium Company gets mining lease for Utkal-E coal block

Apr 16, 2021 02:04 IST capital market

National Aluminium Company (NALCO) has been granted the mining lease of Utkal-E coal block.

The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on 12 April 2021.

As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 Ha in villages Nandichhod, Gopinathpur Jungle, Kundajhari Jungle, Kosala & Korada under Chendipada Tahasil of Angul District. The initial capacity of Utkal-E coal block is 2 million tonnes per year with a total mineable reserve of approx. 70 million tonnes.

NALCO has already executed the mining lease for the Utkal D Coal block in March 2021. With the grant of Utkal D & E coal blocks, the total mineable coal reserve of the Company will be 175 million tonnes, which will be pivotal in meeting the coal requirement of its Captive Power Plant at Angul, Odisha.

NALCO will be able to produce 4 million tonnes coal per year from the operation of Utkal-D & E coal blocks. The lease for Utkal-D & E Coal block has been granted to NALCO for a period of 30 years.

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