Power Mech Projects Ltd on Monday said it has bagged a Rs 9,294 crore contract from Coal India arm CCL to develop and operate a mine.
The project has been awarded to a consortium of Power Mech and AMR India Ltd. Power Mech is the consortium leader with 74 per cent equity stake and AMR India will hold 26 per cent stake.
“Power Mech…has been awarded a Mine Development & Operation (MDO) project from Central Coalfields Ltd (CCL), a subsidiary of Coal India Ltd, aggregating to Rs 9,294 crore over the contract period,” Power Mech said in a statement.
The contract will comprise mine infrastructure development, removal of overburden and extraction of coking coal, processing, crushing and transportation of coal up to washery of CCL,
