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September 06, 2008


AP to speed up coal exploration in its Orissa coal blocks

Dr YS Rajasekhara Reddy chief minister of Andhra Pradesh has recently directed the department of mines & geology to expedite the exploration work of its coal block in Orissa.

Dr Reddy, at a review meeting with senior officials of Andhra Pradesh Mineral Development Corporation Ltd, has appreciated the company for achieving high turnover and profit in the last fiscal year and its performance in the current fiscal year.

Andhra Pradesh Mineral Development Corporation Ltd had earned INR 541 crore revenue as on August 20th 2007 as against INR 527 crore target set by the state government and up by 21.2% YoY.