Coal Ministry issues orders for 22 Coal Mines to successful bidders
With the vesting of these 22 coal mines, the Ministry of Coal had issued vesting orders for a total of 73 coal mines under commercial auctions till date with a cumulative PRC of 149.304 MTPA.
New Delhi: The Nominated Authority, Ministry of Coal has issued Vesting Orders for 22 coal mines to successful bidders of coal blocks under a commercial coal mine auction here today. Out of the 22 coal mines, eleven mines are under Coal Mines (Special Provisions) Act, 2015 and the rest comes under Mines & Minerals (Development and Regulation) Act, of 1957. Sixteen coal mines are fully explored mines while six mines are partially explored ones.
Read Also : NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)The cumulative peak rated capacity (PRC) of 22 coal mines is 53 million tonne per annum (MTPA) and having approximately 6,379.78 million tonne (MT) of Geological Reserves. These mines are expected to generate Annual Revenue of Rs. 9,831 crores and will attract Capital Investment of Rs. 7,929 crores. It will provide employment to about 71,467 people both directly and indirectly.
Read Also : THDC and SJVN Foundation inked MoU to establish High-Performance Academy in Uttarakhand
With the vesting of these 22 coal mines, the Ministry of Coal had issued vesting orders for a total of 73 coal mines under commercial auctions till date with a cumulative PRC of 149.304 MTPA. This will result in the generation of an Annual Revenue of Rs. 23,097.64 crores to the State Governments and will generate employment opportunities to 2,01,847 people, both directly and indirectly.
Read Also : HUDCO Observed its 54th Foundation DayNews Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL