Coal Mines
Coal ministry auctions 8 fully explored, 4 partially explored mines
This story was originally published at 17:50 IST on 24 March 2025
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MUMBAI – The coal ministry Monday said it has successfully auctioned twelve mines in the 11th round of coal mine auctions for commercial mining. The 12 mines comprise eight fully explored mines and four partially explored coal mines. Successful bidders at the auction included Jindal Steel and Power Ltd. and Jindal Power Ltd.
Jindal Steel won a mine in Odisha with a geological reserve of around 3,257.89 million tonnes, while Jindal Power got a mine in Chhattisgarh with reserves of around 1,376.08 million tonnes.
These 12 mines collectively hold a geological reserve of around 5,759.23 million tonnes, with a cumulative peak rated capacity of 15.46 million tonnes per annum, excluding partially explored mines, the ministry said in a release. The newly auctioned mines are estimated to generate an annual revenue of INR 33.3 billion, excluding the partially explored mines, and attract a capital investment of around INR 23.2 billion.
Additionally, these mines are expected to create 20,902 employment opportunities, the release said. The coal ministry has auctioned a total of 125 coal mines, with a production capacity of 273.06 million tonnes per year, since the inception of commercial coal mining in 2020. Collectively, these mines are expected to generate an annual revenue of INR 387.67 billion, attract a capital investment of INR 409.60 billion, and create employment opportunities for approximately 469,170 people, it said.
Coal production from commercial mines has risen over 78% on year to 22.35 million tonnes in 2024-25 (Apr-Mar), the release said. End
Reported by Ashutosh Pati
Edited by Saji George Titus
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