SJVN signs JV pact for coal mining

Power PSU SJVN today said it has signed an agreement with six companies to form a joint venture for mining coal from a block in West Bengal.
The coal mined from the Deocha Pachami-Dewanganj Horisingha coal block in West Bengal would be supplied to the 1,320 MW supercritical thermal power project of SJVN Thermal Private Limited at Buxar, Bihar, the PSU informed the BSE in a filing.
"SJVN Ltd has signed a joint venture agreement with six state power generating companies from West Bengal, Bihar, Uttar Pradesh, Punjab, Karnataka and Tamil Nadu for formation of a JV Company for mining coal from Deocha Pachami-Dewanganj Horisingha coal block located in Birbhum district of West Bengal," it said.

Shares of the company closed at Rs 25.05, up 1.42 per cent on the BSE.