Gujarat-based Sadbhav Engineering Ltd has bagged a Rs 173-crore project from the Uranium Corporation of India Ltd (UCIL) to extract uranium ore from a mine in Jharkhand,the company informed the Bombay Stock Exchange on Tuesday.
The project involves extraction of 22.5 lakh cubic meter of uranium ore from the Banduhurang opencast Mine located in East Singhbhum district of the state. Banduhurang Uranium deposit is of comparatively much lower grade than the uranium deposit being mined in India,states UCIL website.
UCIL,a Government of India enterprise,in February this year had invited sealed tenders from contractors experienced in hard rock large open pit mine development. The project also involves transportation of the ore to the ground hopper at Turamdih and removal of an additional 60.75 lakh cubic meters of overburdern/waste from the mine. The scheduled period of completion of this project is 72 months.
After completion of the job,if the performance of the contractor is found to be satisfactory,UCIL may extend the contract period for another 24 months to execute additional quantity.