By Bizodisha Bureau, Bhubaneswar, March 23, 2016 : The Indian government run metal major, National Aluminium Company Limited (NALCO) on Tuesday signed an agreement with the government of India for two coal blocks.

The Navratna public sector unit had been allotted Utkal-D & E coal blocks, near company’s Captive Power Plant in Angul district of Odisha. The Allotment Agreement for these blocks having a reserve of more than 200 million tonnes of coal, was signed between the representatives of President of India and NALCO in New Delhi yesterday.

Vivek Bharadwaj, nominated authority, on behalf of Govt of India and D. Manjit, general manager, (coal mines division), NALCO signed the agreement

Terming it as a Holi Gift, Nalco chairman and managing director, Dr. Tapan Kumar Chand, thanked Govt of India and congratulated all the employees as well as the stakeholders.

“The company’s smooth operation and expansion plans hinged on the allocation of these blocks. With this, NALCO’s captive resources have been enriched, which will see the company through the next three decades and more,” said Dr. Chand.
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