Commercial mining
Centre issues allocation orders for 3 coal mines to successful bidders
New Delhi/IBNS: The Centre issued allocation orders to successful bidders for three coal mines that were put on sale for commercial coal mining, the Ministry of Coal said on Tuesday.
Representatives of successful bidders received allocation orders from Additional Secretary (MoC) & Nominated Authority M. Nagaraju.
During his address, Additional Secretary & Nominated Authority emphasized on the participation of the private sector in contributing towards energy security.
He also requested successful bidders to complete the development of the coal mine as per efficiency parameters.
The cumulative production capacity of these three coal mines comes to 3.7 Million Ton per annum (MTPA) and Geological Reserves 156.57 MT, according to the coal ministry.
“These mines are expected to generate an Annual Revenue of Rs 408 crores and will attract Capital Investment of Rs. 550 crores. It will provide employment to 5000 people,” it said in a statement.
With the allocation of these coal mines, allocation orders have been issued for 48 coal mines so far with a cumulative PRC of 89 MTPA under commercial mining.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
