HSCL VENTURES INTO MINING SECTOR WITH AN EXPANSION PLAN IN NEAR FUTURE
HSCL has a rich exposure in extraction of minerals and coal from open cast mines, removal of over burden etc. during the last decade.
Extraction, crushing, screening and grading of excavated iron ore from Khamendudi mines in Karnataka and transportation to VISL Steel Plant at Bhadravathi had been one of the major mining activities of the Company till the excavation was stopped due to the forest land dispute.
Later on, the Company undertook and successfully completed two assignments for removal of overburden at Chashnalla mines of ISP and SECL at Bilashpur.
The Company has recently, secured two major coal mining projects, one from CCL at Charih mines(Rs.77 Cr.) and one at Ramnagore from ISP (Rs.50 Cr.).
The mining project at Ramnagore involves Scientific Exploitation of Open Cast Mine incl. Transportation of OB to dump yards after segregation of stone from coal.
The project at Chari mines involves Hiring of Equipment for removal of OB including blast hole drilling, excavation, loading and transportation by tipping trucks of all kinds of soil, rock, broken rocks, extraneous materials including mixed soil, mixed hard soil, clay soil, pebbles, stone dumping over the de-coaled area including spreading, dozing, maintenance, grading and water sprinkling as required for excavation operation and for transportation of excavated materials.
HSCL stands the lowest bidder in one more project of similar nature at Kuju area under CCL for a value of Rs.82 Cr. The formal order will be received soon. The trend is encouraging for HSCL to initiate business diversion activities in open cast / underground coal mining in a large scale to attain sustainability with a long term business prospect. A large number of Coal Blocks are up for leasing out by Govt. of India to PSUs and Private Companies on long term basis. Depending upon the reserve, one coal block can offer an assured business for 20 to 25 years. HSCL has plans to take such coal blocks on lease in the near future.
For value addition to the excavated coal, Coal Washaries are also to be set up simultaneously in the vicinity of the mines to be taken on lease.
HSCL has already entered into an MOU with ZARUBEZGOL of Russia for setting up Coal Washeries in India territory, which will provide additional advantage in entering into coal mining business in a comprehensive manner.