Chowgule & Company Private Limited (CCPL) is all set to start commercial coal mining in the Shahpur (East) coal mine in Shahdol district, Madhya Pradesh after it signed an agreement with the Union ministry of coal, mines and parliamentary affairs.
The Goan conglomerate won the bid for the coal mine in the e-auctions conducted in November last year.
The company signed the agreement as a part of the Coal Unleashed event in the presence of Union home minister Amit Shah and minister of coal, mines & parliamentary affairs Prahlad Joshi.
“We are thrilled to be part of the country’s first ever commercial coal mining bid and to win the Sahahpur mine coal block,” said Padma Chowgule, chairman and managing director of the company. “The auction is a bold step by the government towards achieving the goal of Atmanirbhar Bharat. Meanwhile, our company’s diversification into the coal sector is a part of our strategy to achieve robust, sustainable growth in the years ahead.”
Chowgule stated that the underground mining project will be developed with environment-friendly technologies to enable zero harm, zero discharge and zero spillage.
“The quality of thermal coal produced from Sahapur mine will be better than 80% of domestic coal production which will help end-use plants to achieve better emission norms,” Chowgule stated.
The Chowgule Group currently has mining operations in Goa and Karnataka, and three plants with the capacity to produce and export over five million tonnes of the finest iron ore and pellets every year.
The 104-year old family run group has 14 successful businesses in variety of sectors ranging from mining, shipbuilding, boat building and ship repairs to construction chemicals and automobile dealerships.
The Chowgule Group is going through a restructuring process which will see the subsidiaries being divided between the siblings, Padma Chowgule and Vijay Chowgule.
Chowgule & Company Private Limited was the first to mechanise mining operations in India, in the year 1952 at Sirigao mines.