Sunday, October 2, 2022

NLC India Limited signs MoU with MECL

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Neyveli: To improve the achievement of the promotional exploration as per the annual target approved by Ministry of Coal (MoC) in lignite areas, NLC India Limited has proposed to take up regional and detailed exploration through outsourcing model and submitted proposals to MoC for carrying out regional exploration and detailed exploration in Pandiyur lignite block and RS Mangalam lignite block in Ramnad district, Tamilnadu respectively. The same was approved by MoC and included in the annual programme of lignite exploration (2019-2020).

The exploration in the above blocks is being taken up by Mineral Exploration Corporation Limited (MECL) under MoU with NLC India Limited. As per the project proposal submitted to MoC, a total quantum of 48,000 m of drilling for Pandiyur and 3,45,000 m for RS Mangalam blocks (Sub-Block A, B, C, D) were planned. MoC has approved initially 5,000 m for Pandiyur and 30,000 m in RS Mangalm Block-A in the 2019-20 annual programme. The exploration activity is expected to enhance the Lignite reserves substantially.

To this effect, NLC India Limited has inked an MoU with Mineral Exploration Corporation Limited (MECL) for carrying out regional exploration and detailed exploration through outsourcing mode in Pandiyur Lignite Block and RS Mangalam Block in Ramnad District of Tamilnadu and exchanged between NLC’s Director (Mines) Prabhakar Chowki & MECL’s CMD Dr Ranjit Rath in the presence of CMD NLC India Limited Rakesh Kumar and functional Directors of NLC, Director (HR) R Vikraman, Director (P&P) NNM Rao & Director (Power) Shaji John,  and NLC India Limited’s CVO T Venkatasubramanian on November 16 at Neyveli.

It is proposed to take up exploration initially in Pandiyur (5,000m) and RS Mangalam Block-A (30000m), as per the approved annual programme (2019-20) of MoC under MOU with MECL.

During the next and subsequent years, the exploration activities will be continued under the same MoU based on the approved annual programme of MoC by adopting the applicable MoC rates.

Disclaimer: This story is a press release and is being published without any editing by PSU Watch desk. Our editorial team has only changed the headline.

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