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Saturday, December 07, 2013

IVRCL Ltd in Mining
CMP: Rs.16.50
The mining sector which was a monopoly of Govt sector was opened up during the last ten years or so gradually. IVRCL is currently pursuing opportunities in the Mining sector with keen interest. IVRCL has entered into strategic alliances with reputed mining companies from South Africa, China and Ukraine and experienced Indian companies as well to jointly pursue both open cast and underground mining opportunities unfolding in India in Coal, Copper, Zinc and Gold mining sectors.

Open Cast Projects Completed:
IVRCL has successfully executed a contract for Over Burden removal of over 2 million cu m. for Singareni Collieries. 
- It is the first work under mining
Successfully completed the project of Removal of OB from A2, A3 patch of Rajmahal Area, ECL, for a OB removal of 3.1 million cum in 8 months and value of work executed was Rs. 2300 Lacs 
- Achieved a peak progress of 5.3 LBCM during May 2012 
- Completed the work within 8 months of time by executing 30.70 LBCM of OB removal

Open Cast Projects under execution:
Mechanical Transfer of Coal & Transportation from Ananta OCP to Anata Railway siding, Jaganath Area, Talcher, value of work under execution is Rs.5427 Lacs and quantity is 109.06 L Te.
Loading & Hauling of Rock from Malanjkhand Open Cast Mine, Malanjkhand, Balaghat, M.P, value of work under execution is Rs. 4536 Lacs and quantity is 24 LBCM

Underground Mining Project in pipe line:
Development of Malanjkhand project for 5MTPA production through underground Mine
The LoA was issued on 8th Nov 2011, subjected to clearances of Environment & Forest and the same was got through on 17.06.2013. Now the work will start within a couple of weeks..
The total value of the Project is Rs. 117612 Lakhs
Irrespective of hard strata, terrain conditions the work is in execution as per schedule

Brief Scope of work:
Further IVRCL led consortium has been awarded with the work of Development of Malanjkhand underground mine of 5 MTPA by M/s Hindustan Copper Ltd., which is one of the biggest underground projects involving sinking of 4 no. of vertical shaft to a depth of approx. 700m each, drivage of 2 no. of declines and its development & supply of winders, ventilation system, crushers & supply of other electro mechanical items with installation.