NLC India aims to start mining in Machhakata coal block before schedule

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26 Aug, 2025 12:21

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State-owned NLC India Ltd (NLCIL), which yesterday got allocation of the Machhakata coal block in Odisha, aims to start mining at the block ahead of schedule.

Machhakata coal block is the second commercial coal block and the biggest among the NLCIL's mining projects.

NLC India, whose core business is mining and power generation, had emerged as the successful bidder for Machhakata (Revised) coal block in Angul district of Odisha under the commercial coal block e-auction held in July.  Machhakata Coal Block's vesting order was issued on September 5.

The Machhakata coal block, having reserves of 1.4 billion tonnes (BT), with average Grade of G10-G11, and capacity of 30 MTPA, is expected to be one among the top five biggest mines in the country, NLCIL said in a statement.

"NLCIL aims to commence the mining ahead of schedule. This marks another milestone towards realising NLCIL's Corporate Plan 2030," the statement added.

The company had earlier said that it is committed to its capacity addition in line with its vision of achieving more than 100 million tonnes per annum (MTPA) by 2030 from the present 50 MTPA.

Meanwhile, the coal ministry on Monday executed the Coal Mining Development and Production Agreements for three coal mines that were auctioned.

The mines for which agreements were executed are Machhakata (Revised) coal mine, Kudanali Lubri coal mine, and Sakhigopal-B Kakurhi coal mine, the coal ministry said in a statement.

The successful bidders were NLC India Ltd, Gujarat Mineral Development Corporation Ltd, and Tamil Nadu Generation and Distribution Corporation Limited, respectively.

Earlier on September 6, shares of NLC India surged in early trade following news of the coal mine allocation, rising 1.8 percent to Rs 286.3 per share. However, it ended the day in red, closing at Rs 260.10 per share on the BSE, down 4.15 percent.

(With PTI inputs)