The Ministry of Coal has announced the signing of agreements with six successful bidders for coal mines in the 7th round of auctions under Commercial Mining. Out of these six coal mines, four have undergone partial exploration, while the remaining two are fully explored, as stated by the Coal Ministry.
The mines covered by these agreements include Meenakshi West, North Dhadu (Eastern Part), North Dhadu (Western Part), Pathora East, Pathora West, and Sherband. These successful bidders include prominent entities like Hindalco Industries Limited, NTPC Mining Limited, NLC India Limited, Shri Bajrang Power and Ispat Limited, and Nilkanth Mining Limited, according to the Ministry.
Moreover, it has been estimated that these six coal mines will generate an annual revenue of approximately Rs. 787.59 crore based on a cumulative Peak Rate Capacity (PRC) of around 7.00 metric tonnes per annum (MTPA). Once fully operational, these mines are expected to create employment opportunities for around 9,464 individuals directly and indirectly.
A significant investment of Rs. 1,050 Crore has been allocated for the operationalization of these coal mines. The revenue-sharing percentages for the successful bidders in these six coal mines vary from 6 percent to 43.75 percent, with an average revenue share of 23.71 percent, as mentioned in an official statement.
