The Nominated Authority under the Ministry of Coal announced the issuance of Vesting Orders for 22 coal mines to successful bidders participating in the commercial coal mine auction. This move marks a significant milestone in the government’s efforts to promote the coal sector and enhance economic growth.
Out of the 22 coal mines, eleven fall under the purview of the Coal Mines (Special Provisions) Act, 2015, while the remaining mines are governed by the Mines & Minerals (Development and Regulation) Act, 1957. Among these, sixteen mines have been fully explored, while the remaining six have undergone partial exploration.
These 22 coal mines possess a cumulative peak rated capacity (PRC) of 53 million tonnes per annum (MTPA) and hold a geological reserve estimated at approximately 6,379.78 million tonnes (MT). The successful operation of these mines is projected to generate an annual revenue of ₹9,831 crores, attracting a capital investment of ₹7,929 crores. Moreover, this development is expected to create employment opportunities for about 71,467 individuals, both directly and indirectly.
With the issuance of Vesting Orders for these 22 coal mines, the Ministry of Coal has now allocated a total of 73 coal mines through commercial auctions to date, with a cumulative PRC of 149.304 MTPA. This substantial expansion in the coal mining sector is anticipated to generate an annual revenue of ₹23,097.64 crores for the State Governments, while also facilitating employment opportunities for approximately 2,01,847 individuals, both directly and indirectly.
The government’s focus on the coal sector aims to meet the growing energy demands of the nation and drive economic progress. These allocations not only contribute to enhancing the country’s energy security but also foster regional development and job creation.
The Ministry of Coal remains committed to promoting transparency, efficiency, and sustainability in the coal mining sector, ensuring that the allocation of resources is in line with the nation’s economic and environmental objectives. The commercial coal mine auction has proven to be an effective mechanism in attracting investments, fostering competition, and maximizing the potential of India’s coal reserves.
As the allocated coal mines commence operations, they are expected to play a crucial role in meeting the energy requirements of various industries, supporting infrastructure development, and stimulating economic growth across the nation.
