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CIL, NTPC competes for two-billion-tonne Deocha Pachami Block: Report

02 Jan 2013 Evaluate

The government’s move to put 8.5 billion tonne (bt) coal reserves up for auction has reportedly enticed major interest from the top cash-rich energy public sector undertakings (PSUs), including Coal India and NTPC, vying to grab the natural resource.

These firms are drawn in by the Deocha Pachami block in West Bengal’s Birbhum district, which happens to be the country’s largest thermal coal block, with over 2 bt reserves. The block as on January 1,2013, was placed in the list of 17 acreages offered by the coal ministry. This was despite NMDC seeking the block’s allocation for the past three years, with the former also chalking out a Rs 10,000-crore plan to develop the block in a joint venture with Coal India (CIL). However, with the block being up for sale now, CIL, the world’s largest coal miner, wants to exploit the reserves alone.

Coal India Share Price

481.75 9.10 (1.93%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 481.75
NMDC 94.70
GMDC 677.50
Sandur Manganese 225.05
MOIL 296.20
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