| Forest Land Diversion and EC awaited to ground the project. | The Feasibility Report of Venkatesh khani Coal Mine (VK Coal Mine) (Conversion of VK No.7 & PVK No.5 Incline to OC in a phased manner and amalgamation of Goutham Khani OC Mine) is prepared with a capital requirement of Rs. 484.51 Crore for attaining a rated capacity of 5.30 Mty in 3rd year i.e., during 2022-23 by Opencast Mining. The removal of overburden is by off loading and extraction of coal by departmentally with Shovel Dumper Combination.
After deliberation as recommended by the Technical committee, the Board accorded approval in 555 Board of Directors meeting held on 03.10.2020 for the Feasibility Report of Venkatesh khani Coal Mine (VK Coal Mine) (Conversion of VK No.7 & PVK No.5 Incline to OC in a phased manner and amalgamation of Goutham Khani OC Mine) with a net capital requirement of Rs. 484.51 Crore for attaining a rated capacity of 5.3 Mty by 3rd year(2022-23) by Opencast Mining for removal of overburden by offloading and extraction of Coal by departmentally with shovel Dumper Combination vide minute No. 555:5.6, yielding a financial IRR of 21.81% at 85% performance level.
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