Power Mech receives contract worth Rs 92.94 billion from CIL

A consortium of Power Mech Projects and AMR India has received a contract worth Rs 92.94 billion for a mine development and operation (MDO) project from Central Coalfields (CCL), a subsidiary of Coal India Limited (CIL).

Power Mech is the consortium leader with 74 per cent equity stake and AMR India will hold 26% stake.The MDO contract encompasses mine infrastructure development; removal of overburden and extraction of coking coal; processing, crushing and transportation of coal up to the washery; resettlement and rehabilitation activities. The contract has been awarded for theKotreBasantpurPachmo open cast coal mine in Ramgarh and Bokaro districts, Jharkhand. The mine has a total coal extraction capacity of about 105 million tonnes (mt) and an annual capacity of 5 mt.