NALCO obtains coal mining lease for Angul’s Utkal-D block: Power efficiency for its aluminium production is the root cause
The National Aluminium Company Ltd. (NALCO), the Indian state-owned aluminium production Company, on 18th April’20, made public that it has obtained the mining lease of Angul’s Utkal-D coal block.
The permission has been granted by the Odisha state government and a notification has been issued on 16th April through the State Mines Department.
Nalco stated that: “As per the notification, the mining lease of Utkal-D coal block is over an area of 301.28 hectares in villages Kosala, Nandichood, Similisahi and Raijharan under Chendipada Tahasil of Angul District.”
Expressing confidence that the operationalization of Utkal-D coal block will support significantly to the bottom line of NALCO, Sridhar Patra, CMD, NALCO, has thanked the Odisha State Government and the Government of India for granting the mining lease of Utkal-D.
Sridhar Patra, CMD said: “For a power-intensive industry like aluminium, it is very essential to have a secure supply of coal. I hope with the mining lease in place, it will usher in a new era of development for the company.”
Upon execution of the mining lease deed, NALCO is considering to open Utkal-D coal block in the financial year 2020-21. The lease for Utkal-D has been granted for 30 years.
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