New Delhi: The federal government on Thursday stated it has issued allocation orders to profitable bidders for 22 coal mines which have been placed on sale for industrial mining.
“The nominated authority, ministry of coal has issued vesting orders for 22 coal mines to profitable bidders of coal blocks beneath industrial coal mine public sale on 8 June, 2023,” the ministry of coal stated in an announcement.
“Out of the 22 coal mines, eleven mines are beneath Coal Mines (Particular Provisions) Act, 2015 and the remainder comes beneath Mines & Minerals (Improvement and Regulation) Act,1957,” it added.
Sixteen coal mines are absolutely explored and the remaining six mines are partially explored.
The cumulative peak rated capability (PRC) of twenty-two coal mines is 53 million tonne every year (MTPA). Complete geological reserve of six coal mines is 6,379.78 million tonne and the blocks are more likely to generate an annual income of ₹9,831 crore and can appeal to capital funding of ₹7,929 crore. It should present employment to 71,467 folks each instantly and not directly.
With the allocation of those mines, the ministry had issued vesting orders for a complete of 73 mines beneath industrial auctions until date with cumulative PRC of 149.304 MTPA.
“This may end in technology of annual income of Rs. 23,097.64 crore to the state governments and can generate employment alternative to 2,01,847 folks, each instantly and not directly,” it added.
Up to date: 08 Jun 2023, 04:49 PM IST