The Hindu Business Line : Abhijeet Group inks pact with Thiess Leighton for coal mining

New Delhi, Nov. 21 Abhijeet Group, which has interests in core sector industries of power, steel, mining and ferro alloys, has signed an agreement with Australian firm Thiess Leighton India Pvt Ltd for the execution of a Rs 4,500-crore coal mining contract. Chairman of Abhijeet Group Mr Manoj Jayaswal signed the pact with Thiess Pty Ltd’s Chief Executive of Asian Operations Mr Bruce Munro here on Wednesday.

Contract details

The mining contract entails the development and operation of a green-field open cast coal mine in the North Karanpura coal field in Jharkhand for a period of 20 years. The mine is estimated to have a capacity of 6.75 million tonnes per annum, a company release said.

Abhijeet Group is working on plans to set up coal-based power plants totalling capacities of 5,000 MW and integrated steel facilities across the country, which are in its various stages of implementation, and the coal extracted from the mine would be used as captive raw material for the company’s upcoming steel and power projects, the company said. Thiess Leighton India would commence work in early 2008 with the development of the mine infrastructure, the coal handling plant and the conveyors. “Thiess and Abhijeet started the feasibility work in March this year after the signing of our initial Memorandum of Understanding in Mumbai,” Mr Munro said.

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