NALCO gets mining lease of Utkal-D coal block in Odisha

Kolkata: National Aluminium CompanyNSE -5.28 % Limited (NALCO), a leading domestic producer of alumina and aluminium has been granted mining lease of Utkal-D coal block by the Odisha government. The permission came through a notification issued on April 16 by the state’s department of steel & mines, an official statement said. As per the notification, the mining lease of Utkal-D coal block is over an area of 301.28 hectares in Kosala, Nandichood, Similisahi & Raijharan villages in Angul district.

NALCO is considering to open Utkal-D coal block in the financial year 2020-21 after execution of the mining lease deed. The initial capacity of Utkal-D coal block will be around 2 million tonnes per year with a total mineable reserve of 101.68 million tonnes. The lease granted for Utkal-D will be valid for 30 years, the statement added.