Press Release6 Sept 2024, 03:37 am
NLC India Ltd's Biggest Mine - Machhakata Coal Block - Vesting Order Issued
AI Summary
NLC India Ltd's second commercial coal block, the biggest among its mining projects, Machhakata Coal Block, has received a Vesting Order. The coal mine, located in India, has reserves of 1.4 BT with an average grade of G10 - G11 and a capacity of 30 MTPA. This makes it one of the top five biggest mines in India. The zero date for the development of this mine is today, as per the Ministry of Coal (MoC) timeline, and NLCIL aims to commence mining ahead of schedule. This is a significant milestone towards realizing NLCIL’s Corporate Plan 2030.
Key Highlights
- NLC India Ltd's second commercial coal block, Machhakata Coal Block, receives Vesting Order
- The coal mine has reserves of 1.4 BT with an average grade of G10 - G11 and a capacity of 30 MTPA
- Expected to be one of the Top Five Biggest Mines in India
- NLCIL aims to commence mining ahead of schedule
- A significant milestone towards realizing NLCIL’s Corporate Plan 2030