Six coal mines are under consideration for allotment

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Coal Mines
Coal Mines

Six coal mines are under consideration for allotment.

By PIB Delhi

The Ministry of Coal had initiated the auction process for 27 coal mines under tranches 8, 9 and 10 for non-regulated sector and the allotment process for 15 coal mines under tranches 6, 7, 8 and 9 for various specified end-uses i.e. Power, Sale of Coal and Iron & Steel.

In the auction process, the successful bidders for all the mines except Gare Palma IV-1 have been recommended by the Central Government as detailed below:

S. NoName of Coal MineStateSuccess BidderPRC (Mtpa)Final Price (Rs./tonne)Revenue for 30 years* (RsCrore)
1BikramMadhya PradeshBirla Corporation Limited0.36154 166.32
2BrahampuriMadhya PradeshBirla Corporation Limited0.36156 168.48
3BhaskarparaChhattisgarhPrakash Industries Limited1.001100 3,300.00
4Jagannathpur BWest BengalPowerplus Traders Private Limited0.80185 444.00
5JamkhaniOdishaVedanta Limited2.601674 13,057.20

*excluding royalties, levies, and applicable taxes

In the Allotment process, applications were received in case of 6 out of 15 coal mines. On the basis of the evaluation of the applications, received in the allotment processes, these 6 coal mines are under consideration for allotment.

S. No.Name of Coal MineEnd UseExtractable Reserves (Mt)
1-2Durgapur II Taraimar/ Durgapur II SariyaPower207.15
3MandakiniPower287.89
4Utkal CPower123.86
5Sugia Closed MineSale of Coal2.06
6Tokisud NorthSale of Coal51.97

*excluding royalties, levies, and applicable taxes

These mines will add more than 5MT coal per annum and boost the coal production in the country and reduce the dependence of industries on imported coal. This will also generate about Rs. 15,000 Crores revenue for State Governments where the mines are located besides royalties and other applicable taxes.

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