Steel Authority of India (SAIL) offered the Letter of Acceptance to Lanco Infratech for developing the Tasra coal mine.
In a communication to stock exchange, Lanco informed that it received the Letter of Acceptance from SAIL. Lanco would be responsible for coal extraction at the Tasra mine located at Jharia in Jharkhand, with geological reserves of about 250 million tonne.
Lanco would set up a coal washery and the development and operation of a captive power project for SAIL with a 200-300 mw capacity based on secondary products from the proposed Tasra washery.
It may be recalled that Lanco emerged as the successful bidder in the bidding for selection of the mine developer and operator by SAIL for development, mining and operation of Tasra Open Cast Project and development of associated captive power project.