Adani Enterprises signed a coal mining agreement with NLC India Ltd for development and operation of Talabira II and III coal block.
In a filing to BSE, it said its subsidiary, TOMPL, “has signed coal mining agreement with NLC India Ltd along with the company for development and operation of Adani Talabira II and III coal block”.
Talabira (Odisha) Mining Private Limited has become a successful bidder for mine developer and operator tender of Talabira II and III coal block issues by NLC India, it said.
The project is expected to generate a revenue of Rs 12,200 crore. The block is located in IB valley coalfields in Sambalpur and Jharsuguda in Odisha and the mine capacity shall be of 20 million tone per annum (MTPA) with total minable reserve of about 554 MT.
The coal ministry has allocated the block to NLC India for development, mining and captive consumption of the dry fuel from the blocks in its various end use power plants.
NLC India Ltd had floated a tender for selection of mine developer and operator (MDO) for development and operation of the two Adani Talabira blocks in November 2017 and reverse auction was conducted in January, wherein TOMPL became the successful bidder.
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