In April, 2013, Adani begins integrated coal MDO operations in India, with access to coal reserves of over 3 billion tonnes. The Company begins coal production from the Parsa East-Kente Basan mine in Chhattisgarh. The coal mine has reserves of in excess of 450 million tonnes. The Company plans to produce 15 mt/yr from the Chhattisgarh coal block from 2017 onwards. Coal will be supplied to Rajasthan state electricity board power plants. Adani aims to produce 200 million tonnes of coal by 2020 across global assets.
This is the first amongst the four MDO contracts bagged by Adani Enterprises and marks the beginning of Adani Group’s “Resources” business vertical in India. The company has outlined a phased capital outlay of Rs 3,000 crore for
the entire block. With this development, Adani Enterprises is set to emerge as the largest private coal miner with access to produce coal of up to 90 million tonnes and reserves of over 3 billion tonnes over next 30 years, enough to produce about 18,000 megawatts of electricity by state electricity boards.
