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Power Mech Projects (PMPL) bagged a Mine Development and Operation Project (MOO) for an estimated value of Rs.30,438 crore from Steel Authority of India (SAIL).
This project is being awarded to a consortium of Power Mech Projects - PC Patel Infra for Development and Operation of Tasra Opencast Project,
located at Jharia Coal fields in Dhanbad District, Jharkhand.
The duration of the contract is 28 years (including 2 years of development period).
The scope of the MDO contract mainly comprises of mine infrastructure development including extraction of coking coal, crushing, transportation, setting up of washery and supply of steel grade coking coal to SAIL.
The contract would be executed through a Special Purpose Vehicle (SPV), to be incorporated for the said purpose with Power Mech Projects holding 74% stake and PC Patel Infra holding 26% stake.
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