The National Aluminium Company limited (Nalco) had been allotted Utkal-D & E coal blocks, near the company’s captive power plant in Angul district. The Allotment Agreement for these blocks having a reserve of more than 200 million tonnes of coal was signed between the representatives of President of India and the Nalco in New Delhi on March 22.
Terming it as a Holi gift, Nalco CMD Dr Tapan Kumar Chand thanked the Government of India and congratulated all the employees as well as the stakeholders. “The company’s smooth operation and expansion plans hinge 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 Dr Chand.
Nominated Authority on behalf of Government of India Vivek Bharadwaj and Nalco GM (Coal Mines Division) D Manjit signed the agreement. Nalco Director (P&T) NR Mohanty handed over the documents to Dr Chand on Wednesday in Bhubaneswar.