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Business News/ Industry / Energy/  Govt issues allocation orders to successful bidders of 22 coal blocks

New Delhi: The government on Thursday said it has issued allocation orders to successful bidders for 22 coal mines which were put on sale for commercial mining.

“The nominated authority, ministry of coal has issued vesting orders for 22 coal mines to successful bidders of coal blocks under commercial coal mine auction on 8 June, 2023," the ministry of coal said in a statement.

“Out of the 22 coal mines, eleven mines are under Coal Mines (Special Provisions) Act, 2015 and the rest comes under Mines & Minerals (Development and Regulation) Act,1957," it added.

Sixteen coal mines are fully explored and the remaining six mines are partially explored.

The cumulative peak rated capacity (PRC) of 22 coal mines is 53 million tonne per annum (MTPA). Total geological reserve of six coal mines is 6,379.78 million tonne and the blocks are likely to generate an annual revenue of 9,831 crore and will attract capital investment of 7,929 crore. It will provide employment to 71,467 people both directly and indirectly.

With the allocation of these mines, the ministry had issued vesting orders for a total of 73 mines under commercial auctions till date with cumulative PRC of 149.304 MTPA.

“This will result in generation of annual revenue of Rs. 23,097.64 crore to the state governments and will generate employment opportunity to 2,01,847 people, both directly and indirectly," it added.

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Updated: 08 Jun 2023, 04:49 PM IST
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