CCL awards Power Mech with a Rs 9,294 crore mining project
Power Mech Projects Limited, a Hyderabad based industrial services and construction company said on Monday, it’s received a contract of Rs 9,294 crore for Mine Development & Operation (MDO) project from Central Coalfields Limited (CCL). As a part of the Centre’s asset monetisation drive, the ministry of coal alongside national miner Coal India Ltd (CIL) and Neyveli Lignite Corporation (NLCIL) will offer 60 projects worth Rs 41,042 crore for personal investment.
The project pertains to Kotre Basantpur Pachmo open cast coalpit located in Ramgarh and Bokaro Districts of Jharkhand.Power Mech in its public statement said the project features a total coal extraction capacity of roughly 105 million million tonne (MT) with an annual capacity of 5 million MT. The contract period is for 25 years, extendable by 10 years.
The said MDO contract would entail mine infrastructure development, removal of overburden and extraction of Coking Coal, processing, crushing and transportation of coal up to washery of CCL, completing R&R activities.