Vaswani Industries’ (VIL) Consortium Company - Sponge Manufacturers Consortium Coalfield has won the allocation of coal block in the Chhattisgarh state in which VIL is holding 10.38% share. VIL will get 3.90 MT coal supply out of 58.12 MT.
The location of the coal block is at Rajgamar Dipside (Devnara) (PE, UG) and total allotted size of coal block to the consortium company is 58.12 MT. The dependence for coal on the private suppliers will get reduced and cost of the fuel will also go down. Further, the company is bound to improve its profitability in the coming years.
Vaswani Industries is one of leading company of Chhattisgarh State and presently engaged in integrated business of manufacturing Sponge Iron, Steel Billets & Ignots and Power Generation.
