Bhubaneswar, Dec 07: Total 31 coal mines auctioned so far and the Central Government has received an amount of Rs. 1398, 25, 77,048.25 from the Auction and Allotment of coal mines under the Coal Mines (Special Provisions) Act, 2015, said Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in the Rajya Sabha today.
The Central Government has received Rs. 105,16,62,629.50/- from the coal mines auctioned/allotted in the State of Odisha and an amount of Rs. 37,51,53,256/- has already been transferred to the State Government, the Minister added.
The Minister further stated that in addition, an estimated amount of Rs. 1, 48,275 Crores would accrue to coal bearing States from allotment of 42 coal mines to Central and State PSU’s. Further, the benefit to consumers in terms of reduction of electricity tariffs is likely to be about Rs. 69,310.97 Crores.
Revenue which would accrue to the coal bearing State Government concerned comprises of upfront payment as prescribed in the tender document, auction proceeds and royalty on per tonne of coal production.
