State

Two Special Purpose Vehicles to be set up in Odisha for Coal Exploration

Bhubaneswar, Feb 07: Two special purpose vehicles (SPV) will be set up in Odisha for exploration and transportation of coal. Union Coal secretary Anil Swaroop informed this on Saturday after a meeting with state chief secretary GC Pati at the Secretariat here.

Talking to reporters, Swaroop said that two SPVs will be set up at Talcher in Angul district and IB Valley in Jharsuguda district in collaboration with the state government, Railways and the Mahanadi Coalfields Ltd (MCL). 

While the MCL will bear the highest expenses of 64%, the Railway and state government will spend amount of 26% and 10% respectively in the project.

Currently, Odisha explores 500 million tonne coal. It will be extended to 1000 million tonne in the state, said Swaroop.


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