Coal news and updates

BCCL to sign agreement with ACB India for Dahibari soon

December 3: After a prolonged delay, Bharat Coking Coal Ltd (BCCL) will be signing the contract agreement with ACB (India) Ltd for the 1.6 million tons Dahibari project soon, a company source told ICMW.

"The LoA has been issued and the agreement will be signed within the next two weeks," the source said.

Earlier, the BCCL board had approved the award of the tender to the winning bid of ABC (India) in January 2013. Subsequently, the Gurgaon-based coal beneficiation company received the letter of intimation from BCCL in February 2013.

However, the time taken for getting the mandatory clearance from Coal India Ltd (CIL) board delayed the signing of the agreement.

Five companies were in fray for the Dahibari coal washery project for which a tender was floated last year.