Public sector major NMDC Limited has signed a MoU with the West Bengal Mineral Development & Trading Corporation Ltd (WBMDTC) to explore, develop and mine Deocha-Pachmi coal block in Birbhum.
The area stretches to about 9.7 sq km, but initially, mining will be carried out only in 3.2 sq km area, which has a coal reserve of 450 million tonne, 100 metre deep. Both companies shall have 50-50 stake in the venture.
The MoU was signed in the presence of Chief Minister Buddhadeb Bhattacharjee and Steel Minister Ram Vilas Paswan, by NMDC Director (Technical) P S Upadhyay and WBMDCTC CMD Arun Kumar Sen.