Eastern Coalfields Limited (ECL), a subsidiary of Coal India, signed an escrow agreement on 14 September 2026 for its Kumardih-Tirat OC-UG Mine in the Satgram-Sripur Area. This tripartite deal involves the Coal Controller Organisation (Ministry of Coal), ECL, and Union Bank of India to enforce responsible mine decommissioning.
Details of the ECL Escrow Agreement for Kumardih-Tirat Mine
Executed under the New Guidelines 2025, the agreement establishes a structured financial and operational framework for eco-friendly mine retirement. Senior ECL officials led the formal execution:
- Shri Robin Thounaoja – General Manager, Satgram-Sripur Area, ECL
- Shri Raju Rajak – Senior Manager (Geology, Mine Closure Plan, Geo-Tech & New Initiative Dept.), ECL
Advancing Responsible and Sustainable Mine Closures
The agreement ensures systematic financial provisioning for environmental rehabilitation once mining operations end. By partnering with the Coal Controller Organisation and Union Bank of India, ECL strengthens transparency and compliance across its operational lifecycle.
This strategic move reinforces ECL’s commitment to sustainable land reclamation and long-term environmental management in the energy sector.
Source: PSU Connect
