New Delhi, Sep 17 (SocialNews.XYZ) The Ministry of Coal successfully launched the 16th Round of Commercial Coal Mine Auctions here on Thursday and also handed over Coal Mine Development and Production Agreements (CMDPAs) to the successful bidders of six coal mines auctioned in earlier rounds.
The CMDPAs were executed for Tara (revised), Margo West, Margo East, Mandla South, Dongeri Tal-II and Dip Side of PKoC. The successful bidders include CG Syn-Gas & Chemicals Ltd, Jharkhand Exploration & Mining Corporation Limited, Qube Commercial Pvt Ltd, Gallant Ispat Ltd and The Singareni Collieries Limited, according to an official statement.
The six mines together have geological reserves of approximately 1,504 million tonnes and a combined Peak Rated Capacity of 11.62 MTPA. Once operational, they are expected to generate annual revenue of around Rs 1,984 crore, attract capital investment of nearly Rs 1,743 crore and create approximately 15,700 employment opportunities in the respective coal-bearing regions, the statement said.
The 16th round offers 25 coal blocks, comprising 21 fully explored and four partially explored mines, across nine coal-bearing states—Arunachal Pradesh, Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana and West Bengal. Of these, six coal mines are offered under the Coal Mines (Special Provisions) Act (CMSP) and 19 under the Mines and Minerals (Development and Regulation) Act (MMDR).
The blocks are open to experienced mining companies, new entrants and technology-driven enterprises under the liberal commercial coal mining framework, which provides for no end-use restrictions, 100% FDI through the automatic route and low upfront payments adjustable against future revenue share.
With the launch of this round, the commercial coal mining programme has now completed sixteen rounds. A total of 147 coal mines have been auctioned to date, with cumulative expected annual revenue of over Rs 47,500 crore and projected capital investment of more than Rs 55,000 crore across nine coal-bearing states.
Addressing the launch of auctions, Minister of State for Coal and Mines Satish Chandra Dubey highlighted coal’s vital role in powering India’s growth, meeting around 55% of the country’s primary energy requirement and over 70% of its electricity generation. Under the guidance of Prime Minister Narendra Modi, he underlined the remarkable growth in coal production, which has crossed the 1 billion tonne mark for the second consecutive year, reflecting the strength of India’s domestic coal sector and its growing contribution to energy security.
He highlighted the Government’s efforts to transform the coal sector through greater transparency, competition and technology-enabled processes. He emphasised the importance of providing a level playing field for stakeholders and creating a conducive environment for investment and wider participation in commercial coal mining.
The minister also underscored the need to unlock India’s domestic coal resources, enhance production and reduce dependence on imports, while ensuring efficient and sustainable utilisation of the country’s coal reserves. He also called upon stakeholders to actively participate in the commercial coal mine auction process and contribute to strengthening India’s energy security.
Source: IANS
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