Shreeji Shipping Global Ltd, as part of a consortium, has won a 20-year mine development and operation contract from Kerwa Coal Ltd. The agreement covers drilling, blasting, evacuation, and coal sales in the Son-Mahanadi basin, with a potential five-year extension.
According to regulatory disclosures, Shreeji Shipping Global Ltd received a Letter of Award on March 27, 2026, from Kerwa Coal Ltd (KCL) to serve as mine developer and operator alongside lead member Nuravi. The consortium will handle end-to-end coal operations in the south-central Son-Mahanadi master basin. Profit sharing is set at 49% for Shreeji and 51% for Nuravi.
The contract, effective for 20 years from execution, may extend by five years at KCL’s discretion if the primary bidder fails to meet obligations. Conditions precedent include a security deposit or performance bank guarantee by May 15, 2026. This development signals increased private participation in India’s coal mining sector, particularly for integrated logistics players diversifying into asset-linked contracts.
Shreeji Shipping, a Gujarat-based integrated shipping and logistics provider, gains long-term revenue visibility through upstream mining operations. Coal-dependent industries such as power generation and steel manufacturing may see improved supply chain coordination.
For investors, the consortium model reduces individual risk while locking in multi-decade offtake rights, though execution hinges on timely compliance with KCL’s conditions.
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