Gandhinagar: Gujarat Mineral Development Corporation (GMDC) in a note today informed it has executed a Coal Mining Development and production Agreement with Ministry of Coal, Govt. of India for “Kudanali-Lubri” coal mine, Odisha in an event held at Shastri Bhawan, New Delhi today. This is GMDC’s third commercial coal mine in Odisha.

GMDC note further stated the “Kudanali-Lubri” coal mine in Angul district is in close proximity to GMDC’s existing coal mine “Baitarni West”, which will allow GMDC to optimize its resources in developing and operationalizing these coal mines. “Kudanali-Lubri” is a partially explored coal mine with an estimated reserve of 396.10 MT of thermal coal. With the addition of this coal mine, the estimated coal reserves with GMDC now stands at approx. 2040 MT.

Commenting on this development, Roopwant Singh, IAS, MD-GMDC said, “The addition of “Kudanali-Lubri” coal mine in our portfolio not only strengthens our resource portfolio but also enables us to maximize our operational efficiencies and cost effectiveness in a single state outside Gujarat”.

The Ministry of Coal today signed development and production agreements for three coal mines auctioned under the second attempt of the 7th round which are expected to bring in an investment of Rs 4,500 crore. The mines for which agreements were executed are the Machhakata coal mine, the Kudanali Lubri coal mine, and the Sakhigopal-B Kakurhi coal mine. The successful bidders are NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited, respectively.The estimated annual revenue generation under commercial auction from these three mines is approximately Rs 2,991.20 crore, based on production at an aggregated peak rate capacity of around 30.00 MTPA. Once operational, these mines are projected to create approximately 40,560 direct and indirect jobs. DeshGujarat