Memorandum Of Understanding (MOU)
NALCO signs allotment agreement for coal blocks in Odisha
BHUBANESHWAR. March 25, 2016
National Aluminium Company Limited (NALCO) had been allotted Utkal-D & E coal blocks, near the company`s Captive Power Plant in Angul district of Odisha.The allotment a greement for these blocks having a reserve of more than 200 million tonnes of coal was signed between the Centre and NALCO in New Delhi yesterday.
Terming it as a Holi gift, NALCO CMD T K Chand thanked the Union Government and congratulated all the employees as well as the stakeholders.
"The company`s smooth operation and expansion plans hinged on the allocation of these blocks. With this, NALCO`s captive resources have been enriched, which will see the company through the next three decades and more," said Chand.Vivek Bharadwaj, Nominated Authority, on behalf of Government of India and D Manjit, GM (Coal Mines Division), NALCO signed the agreement.
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