Nagpur: CIL subsidiary Western Coalfields Ltd (WCL) will enter into a joint venture with Orissa Mineral Development Corporation (OMDC) for peak production capacity of coal, officials said here on Monday.
Orissa Minerals Development Company Ltd (OMDC) is one of the oldest iron ore mining companies in India.
WCL’s CMD Rajiv R Mishra, while speaking at an event on Monday, said that WCL will enter into the joint venture with OMDC and will take up five coal blocks in the Raigad district on the Odisha-Chhattisgarh border.
“WCL is planning for a peak production capacity of 75 million tonnes”, Mishra said.
The CMD also said that 20 more mines will be opened by 2023-24, which shall sustain the production level of over 75 million tonnes.
Mishra also spoke about his journey as a CMD of WCL and the challenges he had to face to achieve the coal production targets.
In the past six years, WCL opened up 23 mines and acquired 9,522 hectare land and achieved the highest-ever coal production of 57.64 million tonnes in 2019-20, he added.