Hyderabad, Aug. 21 -- Axis Energy has secured Allocation Orders for two coal blocks in Odisha for exploring underground coal gasification (UCG), marking the first allocation of coal mines under a commercial coal auction tranche specifically promoting the technology.
The Hyderabad based company was declared the successful bidder for the Tangardihi East Coal Mine in Sundargarh district and the Dip Extension of Belpahar Coal Mine in Jharsuguda district.
It executed the Coal Block Development and Production Agreement for the two blocks on April 28, 2026.
The mines were auctioned under the 14th Tranche of Commercial Coal Mine e-auction conducted by the Ministry of Coal.
Reliance Industries Ltd and Axis Energy were allotted two mines each in ...