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NLC India Secures Vesting Order for Machhakata Coal Block

12 September 20242 mins read by Angel One
NLC India received the Vesting Order for the Machhakata Coal Block, its largest project. The coal block has 1.4 billion tonnes reserves and aims for early development.
NLC India Secures Vesting Order for Machhakata Coal Block
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On September 5, 2024, NLC India Limited (NLCIL) announced that it had received the Vesting Order for its Machhakata Coal Block, a major milestone for its mining projects. This coal block, the second commercial one for NLCIL and the largest in its portfolio, was officially issued by the Additional Secretary (Coal) & the Nominated Authority, Ministry of Coal (MoC), Government of India, to Dr. Suresh Chandra Suman, Director (Mines) and Director (P&P A/C) at NLCIL.

The Machhakata Coal Block boasts impressive reserves of 1.4 billion tonnes (BT) with an average grade of G10 – G11, and a production capacity of 30 million tonnes per annum (MTPA). It is anticipated to rank among the top five largest coal mines in India. The issuance of the Vesting Order marks the zero date for the development of the mine according to the MoC’s timeline, with NLCIL aiming to accelerate the mining process ahead of schedule. This achievement is a crucial step towards realising NLCIL’s Corporate Plan 2030.

Chairman and Managing Director of NLCIL, Shri Prasanna Kumar Motupalli, congratulated the team for their achievements and emphasised the importance of bringing the Machhakata Coal Block into operation promptly.

Earlier, in August 2024, NLCIL, which holds the distinction of being the first CPSE (Central Public Sector Enterprise) to achieve 1 GW of solar power generation in India, signed a Power Usage Agreement with Telangana State DISCOMs. This agreement is for a 200 MW solar power project under the CPSU (Central Public Sector Undertaking) scheme, set to span 25 years.

The solar project, to be developed with advanced equipment including single-axis trackers and domestically manufactured high-efficiency modules, aims to produce approximately 1,300 crore units of green power and offset around 90 lakh tonnes of carbon emissions over its lifetime. Scheduled for commissioning by June 2025, this project reflects NLCIL’s commitment to sustainable energy solutions and supports the Atma Nirbhar Bharat (Make in India) initiative.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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