Lanco Infratech to develop Tasra coal mine for SAIL
Lanco Infratech will be developing Tasra coal mine for Steel Authority of India Limited (SAIL). It was the successful bidder for selection of a mine developer and operator by SAIL.
July 31, 2013 / 16:03 IST
Lanco Infratech will develop the Tasra coal mine for state-run Steel Authority of India (SAIL). "Lanco Infratech has emerged as the successful bidder in the bidding for selection of the mine developer and operator by SAIL for development, mining and operation of Tasra Open Cast Project and development of associated captive power project," Lanco said in a BSE filing today.
Also read: Lanco in talks to restructure $1.5 bn debt - paper"The company received Letter of Acceptance to this effect from SAIL," it added.The project envisages coal extraction at the Tasra mine located at Jharia in Jharkhand, with geological reserves of about 250 million tonnes.It includes setting up of a coal washery and the development and operation of a captive power project for SAIL with a 200-300 MW capacity based on secondary products from the proposed Tasra washery, Lanco said. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!