PSU NEWS
WCL generates revenue by selling of segregated sand from OB dumps
NAGPUR. WCL has earned a revenue of Rs 1.25 Crores in last three months by supplying segregated sand from OB dumps of Gondegaon OCM, Nagpur Area, Western Coalfields Ltd. to MOIL Ltd.
Overburden (OB) is the soil excavated during Open cast mining. OB is used for backfilling material after coal excavation. Post excavation of OB the volume of OB swells upto 20% and this excess quantity was utilised for segregating sand. Sand being a minor mineral comes under the jurisdiction of the State Government. Accordingly, the permission for commercial selling of segregated sand was secured by WCL from the Government of Maharashtra to sell to both Private & Government consumers @ Rs 797.06 per M3 with & without e-auction. A MoU was signed between WCL and MOIL Ltd for supply of 1.0 Lakh M3 of Segregated Sand from mines of Nagpur Area @ Rs 797.06 per M3 (excluding Royalty, other applicable taxes & Transportation charges) and is valid upto 11.09.2020.
WCL has diversified beyond coal mining and has commenced commercial selling of Segregated Sand from its overburden dumps.
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