GMDC come to be highest bidder for Two Coal Mines

GMDC come to be highest bidder for Two Coal Mines

by admin- Monday, March 13th, 2023 03:57:16 PM

 

Gujarat Mineral Development Corporation emerged as the very best bidder for Two Coal Mines in Odisha in the currently concluded industrial coal block
public sale via the Ministry of Coal, Government of India. GMDC has gained the bids for Odisha’s Burapahar Block in Sundargarh District, having a Geological Reserve of 548 million Tonnes and the Baitarani (West) Block in Angul District a geological reserve of 1152 million Tonnes.

This successful acquisition of the coal blocks is a giant achievement for GMDC, as it expands the organization’s presence inside the coal mining sector and will make a contribution to the increase of the Indian financial system. With those trends, GMDC’s additional 21 MTPA might be fuelling the nation’s electricity demand, in addition consolidating its role because the leading mining participant within the region.

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