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NCC has bagged an order worth ₹6,829 crore from Central Coalfields for extraction and transportation work in Jharkhand. The stock gained nearly 2% following the news.
Hyderabad-based NCC is a construction and infrastructure conglomerate that caters roads, railways, energy, and electricity sectors.
Central Coalfields is an arm of Coal India that supplies coal to support India’s energy needs.
The deets: under the contract, NCC will conduct extraction, overburden, and transportation work at Amrapalii Opencast Project in Chandragupt area of Jharkhand.
Overburden is a process in mining that involves reduction of excess soil, rocks, and other materials from minerals.
NCC will undertake:
- coal extraction of 233.325 million tonnes and
- overburden removal of 413.59 million cubic meters
To put things in perspective, 233.325 million tonnes of coal can roughly power 530 million households and support around 60 power plants non-stop for a year.
Big picture: the move will help India reduce coal dependence on countries like Indonesia and South Africa. In the year 2024-25 alone, India imported 243.62 million tonnes, which roughly represents the country’s 20-25% overall demand.
With investments like these, Coal India can achieve its production target to 1 billion tonnes by 2028-29 and also gain self-reliance while the country looks for cleaner alternatives.
