State-owned steel producer SAIL has awarded Power Mech Projects a mine development and operation (MDO) project worth Rs 30,438 crore.

"This project is being awarded to a consortium of Power Mech Projects Ltd (PMPL) - PC Patel Infra Pvt Ltd for development and operation of Tasra opencast project, located at Jharia Coal fields in Dhanbad district of Jharkhand," a regulatory filing said on Monday.

With a 74% ownership investment, PMPL leads the consortium, followed by PC Patel Infra with a 26% stake. The contract has a 28-year term, including a 2-year development phase.

The building of mine infrastructure, removal of overburden, extraction of coking coal, crushing, transportation, and establishment of a coal washery with a 3.5 MTPA capacity are the main components of the MDO contract.