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Cement major ACC has secured the Lamatola coking coal block located in Madhya Pradesh in the ongoing ninth round of commercial coal mine auctions. With a bid offering a premium of 16.75 percent against the reserve price of four percent, ACC emerged victorious. The Lamatola coal mine holds reserves of 200 million tonnes of coking coal and is expected to reduce the country’s dependency on imported coking coal once operationalized.
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Note: The above-mentioned news was first published by us in our ProjectX India | 1st May 2024 edition.. Get this issue or any of our editions by clicking here…
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