FCC

Government allots three additional coal blocks for industrial mining operations

2023-01-19

The government gave the chosen bidders access to three additional coal mines for commercial mining. As a result, 48 coal mines with a total peak rated capacity of 89 million tonnes per year (MTPA) under commercial mining have received allocation orders thus far. According to a statement from the coal ministry, Additional Secretary (Coal) M Nagaraju gave allocation orders to representatives of the winning bidder and emphasised the importance of private sector participation in advancing energy security.

The three blocks mines' combined production capacity is 3.7 MTPA, and its geological reserves total 156.57 MT. These mines are anticipated to bring in INR 4.08 billion in annual revenue and 5.50 billion in capital expenditure. 5,000 individuals will have jobs thanks to this initiative. The government put block 141 mines up for auction in the sixth phase of the commercial coal mining auction, which began in November.