Terri Mining Private Limited (TMPL) has recently won the Jitpur Coal Mine through a successful commercial coal block auction held in October 2022. We are excited to integrate our first commercial coal mine into our operations and look forward to the opportunities and growth it will bring to our organisation and contribute to the nation's fuel supply.
The Jitpur Coal Block is situated in Jharkhand's Godda district, in the north-western region of the Chuperbita Basin of the Rajmahal coalfield. The Jitpur Coal Mine has significant coal reserves and a strategic location. It was part of 15th Tranche of the Ministry of Coal's Auction for commercial coal blocks.
Terri Mining, a rising company in the mining industry, won the bid for the mining rights of a proven reserve identified as 65 million metric ton. Following this success, Terri Mining signed a Coal Mine Development and Production Agreement with the Ministry of Coal to develop, operate, and produce coal at a rate of 2.5 million metric tons per year starting in FY 2027-28.
The winning of the Jitpur Coal Mine by Terri Mining marks a major achievement for both the company and the country's energy sector. It also reflects the government's initiative to boost domestic coal production and decrease dependence on imported coal.
