Pact Signed for Namchik-Nampuk Coal Mine in Arunachal Pradesh

Our correspondent

Itanagar: An escrow agreement for Namchik-Nampuk coal mine in Changlang district of Arunachal Pradesh was signed in Delhi between the Coal Controller's Organisation under the union Coal ministry, and Naveen Kumar Singhal, Managing Director of Guwahati-based Coal Pulz Pvt Ltd.

The pact marked the first step towards opening of the largest coal mines in the Northeastern region in the private sector.

Coal Pulz Pvt Ltd is a joint venture between two industrialists Naveen Singhal and Ratan Sharma. The company termed the agreement as a historic milestone which shall fuel growth and power Arunachal Pradesh's progress and neighbouring states.

Namchik-Nampuk coal mine with nearly 15 million tons of coal reserve in Arunachal Pradesh was auctioned in November 2022 along with 28 other coal mines which was the biggest tranche of auction of commercial coal mines.

The auction had witnessed strong competition and Coal Pulz Pvt Ltd won the bid for Namchik-Nampuk coal mine.

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