Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Prime Minister Narendra Modi will on Saturday inaugurate projects worth over ₹2,000 crore of Coal India arm Mahanadi Coalfields Ltd in Odisha.
"Prime Minister will inaugurate pivotal projects of Mahanadi Coalfields Ltd (MCL) in Odisha on February 3," the coal ministry said in a statement.
Among these is the Bhubaneswari Phase-I, a First Mile Connectivity (FMC) project in Talcher Coalfields, Angul district, built at a cost of ₹335 crore.
This project aims to reduce rake loading time, curb carbon emissions and reduce transportation costs.
Another important project which would be inaugurated is the Lajkura Rapid Loading System, constructed at an investment of about ₹375 crore.
This system is also designed to enhance coal quality and supply and reduce greenhouse gas emissions as well as transportation costs.
"These endeavours not only significantly alleviate environmental impact but also create valuable employment opportunities for the local youth," the coal ministry said.
Modi will also inaugurate the IB Valley coal washery, built at a cost of over ₹550 crore in the Jharsuguda district of Odisha.
Besides, the prime minister will dedicate a 50-km second track of the Jharsuguda-Barpali-Sardega rail line Phase-1 to the nation, built by MCL with an investment of ₹878 crore.
This expansion will enhance rail infrastructure, facilitate seamless transportation and ensure efficient coal supply chains.
Also Read : HPCL & Indian Oil's PNG projects launched India’s stainless steel demand grows at 4.36% CAGR over a 5-year span