CIL CCL Awards MDO Contract for Kotre Basantpur Pachmo Coal Mine
Hyderabad based industrial services and construction company Power Mech Projects Limited has received a contract of INR 9,294 crore for Mine Development & Operation project from Central Coalfields Limited. The project has been awarded to a consortium of Power Mech Projects Limited and AMR India Limited wherein Power Mech is the consortium leader with 74 per cent equity stake and AMR India will hold 26 per cent stake. The said MDO contract would entail mine infrastructure development, removal of overburden and extraction of Coking Coal, processing, crushing and transportation of coal up to washery of CCL, carrying out R&R activities. The project pertains to Kotre Basantpur Pachmo open cast coal mine located in Ramgarh and Bokaro Districts of Jharkhand.
MDO is contractual mining under which the contractor earns revenue from production of coal and mine operations.
As part of the Centre's asset monetisation drive, the ministry of coal along with national miner Coal India Ltd and Neyveli Lignite Corporation will offer 60 projects worth INR 41,042 crore for private investment. This includes 17 MDO projects to be offered to private companies