Bharat Coking Coal signed an MoU with
Steel Authority of India (SAIL) for development of Bharat Coking's Moonidih mines
in Jharkhand. The proposed project will provide additional supplies of around
0.5 million tonne of prime washed coking coal to SAIL.
Currently the company supplies around
4 million tonne of prime and medium coking coal from various subsidiaries of
Coal India (CIL), mainly Bharat Coking.
SAIL will help provide funds worth
Rs.166 crore to Bharat Coking for the mine at Moonidih.