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NLC India emerges as successful bidder for Machhakata coal mine in Odisha

08 Jul 2024 Evaluate

NLC India has emerged as successful bidder for Machhakata (Revised) Coal Mine in Angul District of Odisha subsequent to the commercial coal block E-auction held on February 2, 2024 by Ministry of Coal.

The Coal Mine Block is having a total coal reserve of 1377 Million Tonnes (around) with a peak rated capacity of 30 Million Tonnes Per Annum. This is the second commercial coal mine block for NLC India and the Company is committed towards its capacity addition in line with the Corporate Plan.

NLC India is engaged in the business of lignite mining and power generation.


Peers
Company Name CMP
NTPC 324.00
Tata Power 374.80
Adani Power 209.00
Power Grid Corpn. 270.00
Adani Energy Solut. 1415.00
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