Dilip Buildcon Limited (DBL) in consortium with VPR Mining Infrastructure Private Limited has been awarded the contract of Mine Developer cum Operator (MDO) for the Development and Operation of Pachhwara Central Coal Block located at Rajmahal Coalfield, District Pakur, Jharkhand by Punjab State Power Corporation Limited (PSPCL).
As per the terms of contract DBL Pachhwara Coal Mines Private Limited (a Special Purpose Vehicle- SPV) was incorporated by DBL having shareholding of 74% and VPR having shareholding of 26% for execution of the project.
The Pachhwara central coal Block is reserved for Power sector end use and was allotted to pspcl by Nominated Anthority, Ministry of Coal (MoC), Government of India (GoI) for its captive utilization. The mineable reserve of the block is 382.81 Million Metric Tons to be exploited over a period of 55 years at a peak rated capacity of 7 MTPA (Million Tons per annum).
Shares of Dilip Buildcon Ltd was last trading in BSE at Rs.776.1 as compared to the previous close of Rs. 786.95. The total number of shares traded during the day was 27071 in over 972 trades.
The stock hit an intraday high of Rs. 797.35 and intraday low of 773. The net turnover during the day was Rs. 21275266.