Financial Daily from THE HINDU group of publications
Monday, May 16, 2005
Financial Daily from THE HINDU group of publications Monday, May 16, 2005 |
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Corporate
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Outlook Bharat Coking Coal hopes to tap reserves in Jharia Our Bureau
Kolkata , May 15 BHARAT Coking Coal Ltd (BCCL) expects that it will have to access a huge quantity of untapped coking coal reserves lying below Jharia in Jharkhand. The expectation is based on the fact that the recently constituted Jharia Rehabilitation and Development Authority (JRDA) has decided to shift all the inhabitants of Jharia to tackle the underground fire raging there. The process of shifting altogether 65,000 houses and about three lakh residents has begun. The Housing Urban Developing Corporation (HUDCO) has been roped in to undertake the massive job, entailing an investment of about Rs 2,700 crore. HUDCO has been entrusted with the task of building a new town in a safe place where the people will be shifted. The present town is located in a spot, which is just above the `fire zone.' JRDA has simultaneous plans to make available the huge stock of coking coal lying below the town for industrial purposes. Meanwhile, the Jharkhand Government has banned all construction activities in and around Jharia. On its part, BCCL is preparing itself to mine coking coal available below the town. The BCCL Chairman and MD, Mr Partha Bhattacherjee, said that although the mining of coal in a fire-prone area was a difficult task, the success of such mining might turn out to be a boon to the ailing BCCL, which is at present operating with a limited, mineable coking coal reserve. He said that his company plans to go in for open cast mining. A search for suitable technology for this purpose is now on.
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