Power Mech Projects has been presented a Mine Development & Operation (MOO) project, Tasra OCPlocated in Jharia Coal Fields,Ohanbad, Jharkhand, by using Steel Authority of India Ltd for an expected fee of Rs. 30,438 Croresover the contract duration.
As consistent with the agreement, Power Mech might be worried in mine infrastructure trends, elimination of overburden and extraction of coking coal, crushing, transportation, putting in place of coal washery of 3.5 MTPA capacity, deliver of steel grade coking coal to SAIL and different sports.
The mission has total coal extraction reserves of ninety six.78 MT along side an annual potential of four MTPA and overburden removal all through the venture length may be 535.29 MCBM.
The order is 4 instances larger than Power Mech’s basic market capitalisation of over Rs 6,000 crore, even as it is over 15 instances larger than the employer’s loose glide market capitalisation of Rs. 2,000 crore.
Power Mech has won the order in consortium with PC Patel Infra, wherein the organization has a seventy four percentage stake, whilst PC Patel Infra will preserve 26 percentage. A Special Purpose Vehicle can also be formed to undertake the project.
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