Close

Lanco secures mine developer-operator contract for Tasra coal mine in India

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back

Related stories

For Owners of Mitsubishi Turbines, Experts say Spares and Repairs are a Quick Fix

For owners of Mitsubishi’s M501G Series turbines, it’s time...

Fervo Selects Baker Hughes for Geothermal Equipment Supply

Baker Hughes, a global energy technology company, announced on...

Finland Leads Clean Energy with world’s largest Sand Battery

Finland turned on the world's largest sand battery this...

Trump Administration Keeps Eddystone Power Plant Running

As a precautionary measure against electricity shortages in the...

Indian conglomerate Lanco Infra has secured mine developer and operator (MDO) contract for Tasra coal block project with the state-owned company Steel Authority of India (SAIL).

The company has acquired the MDO contract through bidding process that also included Adani.

The coal mine located in Jharia coalfields of Jharkhand’s Dhanbad district has reserves of nearly 100 million tons of coal, reported Dnaindia.com.

Commenting on the grant, Ministry of Steel joint secretary U P Singh stated the Lanco emerged as an ideal firm to develop the coal block through technical and commercial bids.

Lanco would produce 4 million tons of coking coal per year, and sell the produced commodity to SAIL, which will then pay it as per net present value of the coal, added Singh.

As against the surface rights requirement of 900.59 hectare, SAIL owns only 346.67 hectare. Lanco is said to be liable to acquire the remaining land besides outlining rehabilitation and resettlement plan for 3,500 people to be displaced due to the project.

 

 

Latest stories

Related stories

For Owners of Mitsubishi Turbines, Experts say Spares and Repairs are a Quick Fix

For owners of Mitsubishi’s M501G Series turbines, it’s time...

Fervo Selects Baker Hughes for Geothermal Equipment Supply

Baker Hughes, a global energy technology company, announced on...

Finland Leads Clean Energy with world’s largest Sand Battery

Finland turned on the world's largest sand battery this...

Trump Administration Keeps Eddystone Power Plant Running

As a precautionary measure against electricity shortages in the...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from any location or device.

Media Packs

Expand Your Reach With Our Customized Solutions Empowering Your Campaigns To Maximize Your Reach & Drive Real Results!

– Access the Media Pack Now

– Book a Conference Call

– Leave Message for Us to Get Back