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UltraTech Cement commences mining from Bicharpur Coal Block

The coal extracted from the mines will be used for the company’s internal consumption.

December 01, 2021 11:05 IST | India Infoline News Service
UltraTech Cement
UltraTech Cement Limited has commenced mining coal from Bicharpur Coal mines in Madhya Pradesh. Coal extracted from the Bircharpur mines is part of the normal day-to-day operations of the company,” it said in a filing on Tuesday.

This mine was procured in the coal block auctions in the year 2015. The mines have extractable reserves of ~29MMT.

The coal extracted from the mines will be used for the company’s internal consumption and will to some extent reduce its dependence on coal purchases.

At around 11.07 am, UltraTech Cement Ltd was trading at Rs7,455.35 per piece up by Rs20.95 or 0.28% from its previous closing of Rs7,434.40 per piece on the BSE.

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