Commencement of Production at Rajhara North Coal Block in Jharkhand to Enhance Economic Growth
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Synopsis
Production has started at the Rajhara North coal block in Jharkhand, initiated by Fairmine Carbons. Expected to generate significant jobs and revenue, the project also aims for community and infrastructure development.
Key Takeaways
- Production has started at Rajhara North coal block.
- Estimated reserves: 22 lakh metric tonnes.
- Expected job creation: over 500 direct jobs.
- Annual revenue projection: Rs 102 crore.
- Commitment to local infrastructure and community development.
Palamu, Feb 16 (NationPress) Production has officially commenced at the Rajhara North coal block located in Palamu district, Jharkhand. This coal block, assigned by the Union government to Fairmine Carbons Private Limited, was inaugurated on Sunday by Jharkhand Finance Minister Radha Krishna Kishore.
The coal block is estimated to contain reserves of 22 lakh metric tonnes and has been leased to the company for a duration of 30 years. With operations now active, it is predicted that this project will create over 500 direct jobs, in addition to several hundred more indirect employment opportunities.
The state government is expecting an annual revenue of around Rs 102 crore from coal production at the Rajhara block. Beyond bolstering Jharkhand’s economy, Fairmine Carbons Pvt Ltd has pledged to invest in infrastructure and community enhancements in the area. The company aims to improve road connectivity, access to clean drinking water, healthcare services, and educational facilities to aid the local residents.
Emphasizing the importance of the project, Finance Minister Kishore remarked, "The launch of the Rajhara North coal mine signifies a significant advancement in Jharkhand’s economic development. This initiative will not only boost state revenue but also generate considerable job prospects for local youth. Furthermore, it will contribute to the enhancement of infrastructure and foster industrial growth. The Jharkhand government is dedicated to fortifying the state’s economy and supporting industries that propel growth."
The inauguration ceremony was graced by numerous dignitaries, including Palamu MP Vishnu Dayal Ram, Fairmine Carbons Pvt Ltd Managing Director Sameer Lohia, and various senior government officials.
Jharkhand stands as a vital coal-producing state in India, with 34 coal blocks allocated to private entities by the Union government. Out of these, mining activities are anticipated to start in 13 blocks within the next two to three months, further stimulating economic activities across multiple districts.
Production at JSW’s coal blocks in Latehar, Badam, and Moitra (Hazaribagh district) is set to commence later this month.
During a review meeting, Chief Secretary Alka Tiwari highlighted the importance of operationalizing these coal blocks to maximize economic potential. She stated, "The quicker these mines become active, the sooner economic activities will accelerate, generating new job opportunities and enhancing state revenue. We need to proceed with urgency to ensure timely execution."
She instructed all relevant departments to hasten necessary approvals and infrastructure support to facilitate the swift advancement of mining projects throughout Jharkhand.
