Western Coalfields and Vensar Construction Co sign agreement

 

 

Western Coalfields Limited (WCL) and Vensar Construction Company Limited recently signed an agreement to start the work of Valni underground mine. Walni underground mine in Nagpur area of WCL has been closed for a long time. Under the agreement with Vensar Construction Company Limited, mining work will start at the site. The agreement was signed between Manoj Kumar, Chairman and Managing Director of WCL, and Vanshi Krishna, Director of Vensar Construction Company Limited, at WCL Headquarters, here in the city. The agreement was signed for a period of 25 years, on revenue sharing basis.

 

The total coal production proposed during this period will be 6.05 million tonnes. Coal production from Valni mine is estimated at 0.25 million tonnes per year. Valni underground mine is the first mine of WCL where mining work will be done on revenue sharing basis. On this occasion, Manoj Kumar expressed hope that Valni mine will play an important role in meeting the coal requirements of the nation.

 

J P Dwivedi, Director- Technical, WCL; A K Singh, Director -Technical, WCL; Ajay Mhetre, Chief Vigilance Officer, WCL; Ramesh Rao, General Manager of Vensar Construction Company Limited; B. P. Singh, Advisor, were present.

It is noteworthy that on December 20, 2022, a letter of award (LoA) was issued by WCL to Vensar Construction Company for carrying out mining operations in Valni underground mine.