From Gevra Road mines in Maharashtra and New Kusmunda (NKCR) mines in Chhattisgarh.
UltraTech Cement announced that the Company participated in the auction of coal linkages for captive power plant sub-sector and secured 129,000 tons of coal at a premium of Rs. 100 per ton over floor price of Rs. 970 per ton from Gevra Road mines in Maharashtra and 138,200 tons of coal at a premium of Rs. 125 per ton over floor price of Rs. 970 per ton from New Kusmunda (NKCR) mines in Chhattisgarh.A formal communication vesting the said linkages in the Company's favour is expected in due course.
With these auctions, the Company has secured in all, coal linkages for 4,09,500 tons for its plants located at Maharashtra and Chhattisgarh. Both these locations are land locked and this helps the Company in mitigating the impact of rising costs of petcoke/ imported coal.
The Company intends to participate in the future linkage auctions for its plants located strategically near the coal mines.
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