Mahanadi Coalfields to infuse Rs 60,000 cr in Odisha
An amount of Rs 31,000 crore is planned to be spent for mining and social infrastructure development
Mahanadi Coalfields (MCL), a subsidiary of Coal India, will make an investment to the tune of Rs 60,000 crore in Odisha by 2025-26.
With investment in acquisition of land for three new mine, develop and operate (MDOs) projects, namely Siarmal in Ib Valley coalfields with 50 million tonne yearly, Subhadra with 25 million tonne yearly and Balbhadra North with 10 million tonne yearly in Talcher coalfields, as well as expansion of the existing projects, the company targets to raise its coal production capacity to 300 million tonne in about three years.
In order to increase the capacity building for the new and expansion of the existing projects, the company will invest in procurement of heavy machinery, besides settingup of 1,600 MW (two x 800) super critical thermal power plant with planned investment of Rs 11,363 crore in Sundergarh district of Odisha.
The investment in strengthening coal evacuation infrastructure, such as doubling of 53 km long Jharsuguda-Sardega railway line with a flyover at Jharsuguda railway station and construction of 12 rapid loading systems (RLS), aims at supplementing the increased coal production.
With the help of the state government, the company has planned for creating social infrastructure, such as roads, flyovers, parks, etc under its command area in Sundergarh, Jhasuguda, Sambalpur and Angul districts.
Of the Re 60,000 crore, an amount of Rs 31,000 crore is planned to be spent for mining and social infrastructure development by 2023-24.
The Innovations Cell at company headquarters is undertaking various initiatives to introduce technology and practices for dust suppression, firefighting, eco-friendly coal loading, among others.
The company is also going to setup more solar power plants, besides biological reclamation of mined-out area and bringing it to original form by laying top soil, adopting agricultural and afforestation practices.
Apart from this, it has also adopted a part of tribal-dominated area under its command in Sundergarh for development under Gram SamridhiYojana to improve the quality of life in and around MCL’s projects.
The planned investment in social and mining projects will increase direct and indirect employment for local youth and provide opportunities for medium, small and micro enterprises (MSMEs).