Coal news and updates

Rashmi Group: Rashmi Group forays into mining, secures three coal mines in West Bengal

Rashmi Group has recently forayed into mining by securing the first-ever private coal mining rights in West Bengal, as a part of backward Integration process. The Union Ministry of Coal has allotted three coal mines in the state, namely Kagra Joydev Coal Block and Kasta East Coal Block in Birbhum and Jagannathpur B in West Burdwan through auction. These mines were allotted to Rashmi Group, an Iron & Steel Company, marking a landmark moment in the state’s industrial landscape, the company said in a statement.

After receiving cabinet approval through “Long Term Settlement”(LTS) Scheme, West Bengal government has transferred 715.58 acres of land to Rashmi Group at Kagra Joydev Coal Block, which was formerly allotted to DVC. This strategic move sets the stage for the operationalisation of the coal block in Birbhum, opening up opportunities for employment generation in the region and peripheral development, the company said in a statement.

Sanjib Patwari, promoter of the Group, stated, “We are committed to creating sustainable employment opportunities and contributing to the prosperity of the region. The success of this venture will be a testament to our capabilities but also a symbol of collaborative growth with the state government.”