JK Cement Ltd. (JKC) has achieved a significant milestone by emerging as the successful bidder for the Mahan Coal Mine in the Singrauli District of Madhya Pradesh. This achievement was part of the Ministry of Coal’s second attempt of the 17th tranche of the CM(SP) Act, 2015 commercial coal block e-auction. With a total geological coal reserve of approximately 107.4 million tonnes and a peak-rated capacity of 1.2 million tonnes per annum, this acquisition strengthens JKC’s journey toward self-reliance.

This marks JKC’s second commercial coal block win, following the West of Shahdol (South) Coal Block. The company aims to utilize the coal to fuel its existing cement plants and support upcoming projects, aligning with its growth strategy. Any surplus coal from the commercial mine will be gainfully disposed of, maximizing resource utilization.

Today, JKC received the Vesting Order from the Nominated Authority at a ceremony held at Shastri Bhawan, Ministry of Coal, New Delhi. This significant milestone sets the stage for initiating mining operations promptly, contributing to the company’s vision of sustainable and efficient resource management.

 

TOPICS: JK Cement