Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015- Termination of Contract Agreement with Loyabad Coalfields Private Limited
BHARATCOAL · price
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Bharat Coking Coal Limited (BCCL) has approved the termination of its contract agreement with Loyabad Coalfields Private Limited. The contract was for re-opening, development, and operation of the Loyabad Coal Mine on a revenue sharing basis. The decision was taken by the company's functional directors in a meeting held on 13.03.2026. BCCL stated that the feasibility of the mine will be reviewed and a further course of action will be decided accordingly. No financial details or impact estimates were disclosed in the filing.
The termination signals a setback for BCCL's mine expansion plans at Loyabad, but the company's intent to review feasibility suggests no immediate operational disruption. Shareholders should watch for updates on the revised plan, as the mine's future contribution to revenue and production is now uncertain.