NLC India, with four other bags five coal mines in 10th round of auction

State-owned NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction, according to official sources. While ACC Ltd bagged a coal mine in Madhya Pradesh, NLC India Ltd and JSW Energy Utkal Ltd won one block each in Odisha. Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd are two other companies that won coal blocks. Nine blocks were put on sale in the tenth round of auction.

Ministry of Coal had launched the auction of coal mines for commercial mining under 10th round on June 21, 2024. After evaluation of bids, forward e-auctions for nine mines commenced from 21.11.2024. On the First day, 5 coal mines were put up for auction. 

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One of the five coal mines is fully explored, while four are partially explored. The total geological reserves for these five coal mines are 2,630.77 Million Tonnes. The Cumulative Peak Rated Capacity (PRC) for these coal mines is 12.00 MTPA.

These coal mines upon operationalization will generate Annual Revenue of around Rs. 1106.91 crores calculated at PRC of these coal mines (excluding Partially Explored coal mines). These mines will attract capital investment of Rs. 1800.00 crores, approximately and will employ 16,224 people.

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