Thriveni Earthmovers wins US$430M India coal contract

Indian utility NTPC has awarded domestic mining equipment company Thriveni Earthmovers an Rs31.43bn (US$430m) contract to develop and operate Talaipalli coal mine in Chhattisgarh.
Thriveni Earthmovers wins US$430M India coal contract Thriveni Earthmovers wins US$430M India coal contract Thriveni Earthmovers wins US$430M India coal contract Thriveni Earthmovers wins US$430M India coal contract Thriveni Earthmovers wins US$430M India coal contract

Thriveni Earthmovers specialises in iron ore, copper, coal and bauxite,

The decision by NTPC, which was formerly known as National Thermal Power Corporation Limited, comes just over a year after it terminated a similar contract with BGR Mining and Infra for Chhattisgarh mine over allegations of corruption.

Talaipalli has a production capacity of 18 million tonnes per year for surface mining and 0.72 t/yr for underground mining. Coal mined there is being used at the 1.6GW Lara power project owned by NTPC in Chhattisgarh.

Tamil Nadu-based Thriveni Earthmovers specialises in mining iron ore, copper, coal and bauxite, according to its website.

Thriveni Earthmovers also revealed a targeted export volume of around 5.54 million tonnes of iron ore for the current fiscal year, which would make it the third-largest Indian iron ore exporter, a company source told S&P Global Platts.