MMTC invites bids for preliminary exploration in Jharkhand
MMTC Ltd has invited global bids for carrying out preliminary exploration study in the Gomia-Saram coal block in Jharkhand.
By PTI |
NEW DELHI: Expanding the ambit of its mineral business, state-run MMTC Limited has invited global bids for carrying out preliminary exploration study in the Gomia-Saram coal block in Jharkhand.
"The Coal Ministry has allocated the Gomia Saram coal block to us. The block has fairly good quality of coal needed for the steel industry," the company informed the potential bidders.
It said the coal in the block is of fairly good quality though relatively high in ash content. The grades vary from steel quality to over 35 per cent ash. "These are high volatile medium coking coals with prime coking characteristics," it said.
MMTC is going in for the capital intensive coal exploration business with a view to achieve backward integration in the field of hydrocarbons.
The company, mainly engaged in international and domestic trading of commodities, also deals in a variety of minerals, metals, precious metals, fertiliser, coal and hydrocarbons.
The Rs 23,000 crore turnover company handles about 15 million tonnes of cargo annually and is the largest single user of the railways and port facilities for international trading operations in India.
"MMTC wants to consolidate its position as a leading international trading house with focus on bulk operations, it said.
"The Coal Ministry has allocated the Gomia Saram coal block to us. The block has fairly good quality of coal needed for the steel industry," the company informed the potential bidders.
It said the coal in the block is of fairly good quality though relatively high in ash content. The grades vary from steel quality to over 35 per cent ash. "These are high volatile medium coking coals with prime coking characteristics," it said.
MMTC is going in for the capital intensive coal exploration business with a view to achieve backward integration in the field of hydrocarbons.
The company, mainly engaged in international and domestic trading of commodities, also deals in a variety of minerals, metals, precious metals, fertiliser, coal and hydrocarbons.
The Rs 23,000 crore turnover company handles about 15 million tonnes of cargo annually and is the largest single user of the railways and port facilities for international trading operations in India.
ADVERTISEMENT
"MMTC wants to consolidate its position as a leading international trading house with focus on bulk operations, it said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
