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Vedanta Chotia coal block output to reach 1 MTPA

Coal News - Published on Mon, 13 May 2019

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The Hans India reported that mining giant Vedanta Ltd coal output from the mine located in Chhattisgarh will be increased to one million tonnes per annum as it looks to secure 90% of its requirement from linkage and captive block. Bharat Aluminium part of Anil Agarwal-led Vedanta Ltd, had bagged Chotia block during the first phase of coal mine auctions held in 2015. Vedanta said in an investor presentation that "Captive coal from Chotia block to be ramped up to 1.0 million tonne per annum in near term.” It said that the output from the captive mine stood at 0.45 million tonnes in the fourth quarter of last fiscal.

Stating that 72% of coal requirement by the company was secured from linkage and captive block, Vedanta Ltd said that it was targeting "to secure 90% of requirement". The mine has a capacity of one million tonne per annum.

Known for its high quality coal reserves, Balco had bid a price of INR 3,025 per tonne during the auctions. Mentioning that there was a structural reduction in aluminium cost, the company said it achieved alumina peak run rate of 1.8 million tonnes per annum during FY 2019. The increased local bauxite supply met 30 per cent of the company's requirement.

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Posted By : Rabi Wangkhem on Mon, 13 May 2019
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