Jayaswal Neco Ltd (JNL) has received approval from the Union Ministry of Coal (MoC) seeking the grant of mining lease for the Moitra coal blocks in Jharkhand.
The lease, which provides mining rights over an area of 2.9 sq km, would be valid for a period of 30 years.
MoC has asked JNL to exclusively use the mined coal for meeting the coal requirements of its one million tpa Siltara pig iron plant in Raipur, Chhattisgarh.
More importantly, no coal will be sold, delivered, transferred or disposed off without the prior approval of the Union Government, it has been stipulated.
Following MoC’s approval, the Jharkhand Government will now issue the license to JNL. The company plans to start coal production during the current fiscal.
Source : ProjectsToday
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