Summary of Key Information:
Parties Involved: Steel Authority of India Limited (SAIL) and Bharat Coking Coal Limited (BCCL)
Nature of Transaction / Event: Memorandum of Understanding Agreement signing for joint development and operation of coal blocks
Date of Transaction: Current date (as of filing date)
Project Details: Joint development and operation of two coal blocks:
- SAIL's Indikatta Ramnagore Coal Block
- BCCL's East of Damagoria (Kalyaneshwari) Coal Block
Location: West Bengal
Strategic Objective: Significant step towards developing domestic sources of coking coal and boosting domestic coal production
Regulatory Context: Intimation made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Company Contact Information:
- Steel Authority of India Limited
- Ispat Bhawan, Lodhi Road, New Delhi-110 003
- Fax: 011-24367015
- PAN No: AAACS7062F
- Corporate Identity Number: L27109DL1973GOI006454
Analyst Notes:
This disclosure represents a strategic partnership between two major public sector undertakings to develop domestic coking coal resources, which is crucial for India's steel production ecosystem. The MoU covers specific identified coal blocks in West Bengal and aligns with national objectives of increasing domestic coal production.