NEW DELHI: The Ministry of Coal has successfully auctioned a total of 12 coal mines, comprising eight fully explored mines and four partially explored coal mines across five states.
The newly auctioned mines are projected to generate an annual revenue of Rs 3,330 crore (excluding the partially explored mines) and attract a capital investment of approximately Rs 2,319 crore.
Additionally, these mines are expected to create 20,902 employment opportunities, significantly contributing to economic development in coal-bearing regions, the statement said.
The mines are located in Maharashtra, Chhattisgarh, Jharkhand, Arunachal Pradesh, and Odisha.
These twelve mines collectively hold a geological reserve of approximately 5,759.23 million tonnes, with a cumulative peakrated capacity of 15.46 Million Tonnes Per Annum (MTPA), excluding partially explored mines.
The auctions witnessed intense competition, achieving an impressive average revenue share of 36.27 per cent, reflecting the sustained interest of industries in India’s coal sector and the ministry’s commitment to providing a stable and transparent policy framework, the statement said.
