New Delhi: Vedanta Ltd said Wednesday it has emerged as the highest bidder for the Jamkhani coal block in Sundargarh district, in the 10th tranche of captive coal block auction conducted by the government.
The coal block is in close proximity to the company’s Jharsuguda aluminium smelter. Hence it is one of the most attractive coal blocks for the company in terms of location, annual capacity, reserves and readiness to produce. The approved per annum capacity of the mine is 2.6 million tonnes, Vedanta said in a release.
“It has an extractable reserve of 114 million tonnes. Once operational, it will provide fuel security, improve power availability and further strengthen the company’s aluminium operations and performance,” said the company.
This is the company’s second coal block after Chotia coal block in Chhattisgarh that has an annual capacity of one million tonne.
Vedanta Limited is a subsidiary of Vedanta Resources Limited.
PTI