Allocation Agreement for Coal Blocks handed over to Nalco

23/03/2016

Bhubaneswar, 23/03/2016: National Aluminium Company Limited (NALCO), the Navratna CPSE under Ministry of Mines, had been allotted Utkal-D & E coal blocks, near company’s Captive Power Plant in Angul district of Odisha. The Allotment Agreement for these blocks having a reserve of more than 200 million tonnes of coal, was signed between the representatives of President of India and NALCO in New Delhi yesterday.

Terming it as a Holi Gift, Dr. Tapan Kumar Chand, CMD, NALCO, thanked Govt of India and congratulated all the employees as well as the stakeholders. “The company’s smooth operation and expansion plans hinged on the allocation of these blocks. With this, NALCO’s captive resources have been enriched, which will see the company through the next three decades and more,” said Dr. Chand.

Shri Vivek Bharadwaj, Nominated Authority, on behalf of Govt of India & Shri D. Manjit, GM (Coal Mines Division), NALCO signed the agreement.Shri N.R. Mohanty, Director (P&T) handed over the documents to Dr. Chand today at Bhubaneswar.