Monday, September 03, 2012

R-Power commences coal production from Sasan mines
Piyush Pandey 
The stock was recommended today in Facebook at around Rs.76-77. Also, I have kept the Premium Blog:, open for all, till 9 O 'lock tomorrow morning. 
MUMBAI: Anil Ambani led Reliance Power has started coal production from its Sasan mines to fuel its 4000 MW Sasan ultra mega power project (umpp), India's largest domestic coal-based power plant.
There will be annual production of 20 million tonnes from the Moher and Moher-Amlohri coal mines associated with the Sasan project. This makes Reliance Power's mines the largest in the country on the basis of volume of material handled, said a company statement on Monday.
Commenting on the development, Anil Ambani, chairman of Reliance Power,said: "This is a milestone moment for Reliance and for the Indian power sector. Scarcity of coal is one of the biggest challenges facing the power sector in India. We will be able to get 20 MTPA from these mines as a result of our efforts to optimise coal production by deploying latest and advanced mining technologies, said Anil Ambani, chairman Reliance Power adding that the company is developing the coal blocks to exacting international standards of operations, safety and productivity with the finest team available not only in the country but also overseas."
The Sasan coal mines are deploying the largest mining equipment ever used in India. The equipment being used includes giant rope shovels, dumper trucks, dozers and graders. The company will soon press into service draglines with a 61 cubicmetre bucket, which is twice the size of the largest dragline ever to be used in India, said the company statement.
"We remain committed to increasing coal production in India to reduce imports and save precious foreign exchange. For the Sasan mines we have deployed the largest, state-of-theart mining equipment ever used in Indian mining history to produce coal," said J P Chalasani, CEO, Reliance Power.
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