Odisha Channel Bureau Bhubaneswar: National Aluminium Company Limited (NALCO) has been allocated the Utkal D and E Coal Blocks by the Central Government in Angul district of Odisha.It is in Angul district where the company’s 4.6 lakh tonne aluminium smelter and 1200 MW captive power plant are located.“The company’s smooth operation and expansion plans hinged on the allocation of these blocks,” says T.K.Chand, CMD, NALCO.“With this, NALCO’s captive resources add 200 million tonnes of coal, which will see the company through the next three decades and more,” a much relieved Chand added.It may be mentioned that Utkal E Coal Block was allotted to NALCO by Government of India in 2004.The company had spent Rs.126.34 crore for this block, including Rs.98 crore towards compensation against land acquisition.The company had also spent considerably on infrastructural facilities and various CSR activities in the area.However, the cancellation of allocation of Utkal E Coal Block following Supreme Court’s order to de-allocate 204 coal blocks across the country had come as a setback to the company.NALCO was pursuing with Centre for re-allocation of coal block under the allocation route, as the end-use investment had already been made.Now that Government of India has appreciated the dire needs of NALCO and decided to allocate the coal blocks in favour of the company, Chand has thanked the Ministry of Mines and Ministry of Coal for allocating the mines that will enable the company to meet its expansion plans.“A sense of gratitude and euphoria has engulfed the entire company, since this momentous decision is intricately woven with the dreams and aspirations of NALCO Collective,” said Chand.
September 15, 2015
September 15, 2015
0 Comment
Related Articles:
- Odisha panchayat polls: Landslide victory for BJD, BJP distant second
March 1, 2022, 12:33 pm
- Hemananda Biswal: An inspiration for tribal leaders of Odisha
February 26, 2022, 5:17 am
- Hemananda Biswal passes away, to be cremated at his native place
February 26, 2022, 5:10 am
- Urban civic polls in Odisha to be held on March 24
February 25, 2022, 6:03 pm
- PUCL demands review of cases against people of Dhinkia
February 24, 2022, 3:14 am
- Naveen Patnaik’s visit provides boost for athletes at athletics HPC
February 23, 2022, 11:57 am
- Panchayat polls: Odisha records 79% voter turnout in fourth phase
February 23, 2022, 11:37 am
- Exercising franchise
February 22, 2022, 1:38 pm
- Reviewing progress of first indoor athletic stadium project
February 21, 2022, 3:00 pm
- Odisha registers 78.6% turnout in third phase of panchayat elections
February 21, 2022, 1:16 pm
Breaking News:
- Senate Ethics admonishes Graham for campaign solicitations
March 23, 2023, 11:10 pm - Speaker removes Republican who asked fellow lawmaker if she is a pedophile from House committee
March 23, 2023, 11:02 pm - Bohls: Jordan Spieth at a loss for words and a win, placing him in Dell Match Play trouble
March 23, 2023, 10:48 pm - Boston radio host suspended for ‘extremely offensive’ racial slur referencing ESPN’s Mina Kimes
March 23, 2023, 8:58 pm - Rap artist Afroman sued by officers who raided his home
March 23, 2023, 8:49 pm - Tulare Lake, drained decades ago, may return after California’s record-breaking storms
March 23, 2023, 8:49 pm - Missing radio host Jeffrey Vandergrift found dead in San Francisco
March 23, 2023, 7:57 pm - Names, photos of Los Angeles undercover police posted online
March 23, 2023, 7:33 pm - His pickup struck a minivan at 100 mph, killing 4 family members in 2018. Here's how he'll pay.
March 23, 2023, 7:19 pm - Rioter charged in Pelosi laptop theft sentenced to prison
March 23, 2023, 7:15 pm