MoU Signed With BCCL for Joint Development of Two Coal Blocks in West Bengal

SAIL and Bharat Coking Coal Ltd (BCCL) have signed a Memorandum of Understanding for joint development and operation of two coal blocks in West Bengal — SAIL's Indikatta Ramnagore block and BCCL's East of Damagoria (Kalyaneshwari) block.

Fri 25 Sep 2026

Agreement Type

Memorandum of Understanding

Partner

Bharat Coking Coal Ltd (BCCL)

Coal Block 1

Indikatta Ramnagore block (SAIL)

Coal Block 2

East of Damagoria (Kalyaneshwari) block (BCCL)

Location

West Bengal

What was signed

SAIL informed the exchanges that it has signed a Memorandum of Understanding Agreement with Bharat Coking Coal Limited (BCCL) for the joint development and operation of two coal blocks.

The blocks involved

• Indikatta Ramnagore Coal Block — belonging to SAIL
• East of Damagoria (Kalyaneshwari) Coal Block — belonging to BCCL
• Both are located in West Bengal

Why it matters

Coking coal is the key raw material used in blast-furnace steelmaking, and India imports a large share of it. SAIL describes the MoU as a significant step towards developing domestic sources of coking coal.

How to read it

An MoU sets out an intention to work together; the actual development and operation of the blocks would follow through subsequent steps. The update is made under Regulation 30 of SEBI LODR as a disclosure of a material event.

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