Sambalpur:20/6/20: Mahanadi Coalfields Limited (MCL) will invest nearly Rs 60,000 cr in Odisha. Out of this, Rs 31,000 cr will be spent for mining and social infrastructure.
BN Shukla, CMD, Mahanadi Coalfields Limited (MCL) said expansion of existing projects are aimed at increasing company’s coal production capacity to 300 million tonne.
He said investments were made in acquisition of land for three new MDO (Mine, Develop and Operate) projects, namely Siarmal (50 MTY) in Ib Valley coalfields, Subhadra (25 MTY) and Balbhadra North (10 MTY) in Talcher coalfields.
The company would invest in procurement of HEMMs, besides setting-up of 1600 MW (2×800) super critical thermal power plant with planned investment of Rs 11,363 cr in Sundergarh district of Odisha.
The investment will help like doubling of 53-km-long Jharsuguda-Sardega railway line with a flyover at Jharsuguda railway station. Twelve Rapid Loading Systems (RLS) will also supplement the increased coal production.
With the help of state government, the company has planned for creating social infrastructure, like roads, fly-overs, parks, etc. under its Command Area in Sundergarh, Jhasuguda, Sambalpur and Angul districts of state.
The company focuses on land reclamation and environment friendly measures. The Innovations Cell at company headquarters is taking up steps to introduce best technology and practices for dust suppression, fire-fighting and eco-friendly coal loading.
The MCL is going to set-up more solar power plants, besides biological reclamation of mined-out area and bringing it to original form by laying top soil, adopting best agricultural and afforestation practices.
The company has adopted a part of tribal-dominated area under its command in Sundergarh for development under Gram Samridhi Yojana to improve the quality of life in and around MCL’s projects.
The investment in social and mining projects will boost employment for local youth and at the same time provide opportunities for MSME sector.