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Dalmia Cement bags coal mine in Madhya Pradesh

2023-03-01

At the most recent round of commercial coal mine auctions, which was held on Monday, Dalmia Cement (Bharat) Ltd. won a block in Madhya Pradesh on the first day. Shree Cement placed the highest bid for a coal mine in Chhattisgarh out of the ten mines that were put up for auction on the first day.

Samlok Industries Pt Ltd submitted the best bid for a mine in Maharashtra, while Rungta Sons Pvt Ltd won the auction for an Odisha coal mine.

RCR Steel Works Pvt Ltd and MH Natural Resources Pt Ltd respectively placed the top bids for a mine in Jharkhand and a coal block in Maharashtra, respectively. In Chhattisgarh, CG Natural Resources Private Ltd secured a coal block. In Jharkhand, a coal block went up for auction.

According to a statement from the coal ministry, on November 3, 2022, the government began the sixth round of commercial coal mine auctions and the second attempt of the fifth round.

10 coal mines were put up for auction on the first day of the e-auction, according to the announcement, which stated that forward auctions for these mines had begun on February 27, 2023.

Four coal mines have limited exploration, while six coal mines have full exploration in their respective blocks.

These ten coal mines have 1,866 million tonnes of geological reserves altogether. These coal mines have a total peak rated capacity of 7.9 million tonnes per year (MTPA) (excluding partially explored coal mines).

When these coal mines are operating, they will produce a predicted $9.90 billion in yearly revenue. 10,681 people will have jobs thanks to these mines, which will bring in $11.850 billion in capital investment.