Coal

Ministry of Coal signs agreements for two more commercial coal mines

In a significant step toward strengthening Indiaโ€™s energy security and fostering economic growth, the Ministry of Coal has signed Coal Mine Development and Production Agreements (CMDPAs) for two more coal blocksโ€”Marwatola-II and Namchik Westโ€”under the 11th round of commercial coal mining auctions.

The agreements were inked with the successful bidders: Singhal Business Private Limited, which secured the Marwatola-II block, and PRA Nuravi Coal Mining Private Limited, which won the Namchik West block.

Of the two blocks, one is fully explored while the other is partially explored. Together, they hold a combined Peak Rated Capacity (PRC) of approximately 0.34 million tonnes per annum (MTPA). These mines are projected to generate an estimated annual revenue of โ‚น106.14 crore, with a total capital investment of around โ‚น55 crore required for operationalisation.

Apart from bolstering coal production, the new agreements are also poised to contribute to regional socio-economic development. The two coal mines are expected to generate approximately 460 direct and indirect employment opportunities.

With this development, the Ministry of Coal has now signed CMDPAs for a total of 120 coal mines under the commercial coal mining framework. These mines collectively represent a cumulative PRC of 265.64 MTPA. They are projected to generate an estimated โ‚น37,300 crore in annual revenue and attract investments worth โ‚น39,900 crore. Additionally, the commercial coal mines are expected to create employment for nearly 3.6 lakh individuals across the country. 

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