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  • Revenue₹50,000crore
Coal

Reforms in coal, mines sector led to increased revenues, production: Pralhad Joshi

Energy Asia 2 min read
Pralhad Joshi

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  • State revenues have improved and production of coal and other minerals increased significantly on the back of reforms taken by the government in the coal and mining sectors, Union minister Pralhad Joshi said.
  • The minister made the remarks at a conference on 'Achievements of Coal and Mines Ministry' in the national capital.
  • 2014 onwards, the first-come-first-serve system was totally removed and a transparent auction regime was set in place and by that state got a huge revenue both as far coal and mining sectors are concerned," the minister for coal and mines said.
  • Citing examples, the minister said the revenue of Odisha from coal and other minerals increased multifold to ₹50,000 crore in 2021-22, from ₹5,000 crore in 2015-16.
  • In the 7th round of coal auctions, a total of 106 coal mines were put on the block, 61 blocks are partially explored and 45 mines are fully explored, he said.

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State revenues have improved and production of coal and other minerals increased significantly on the back of reforms taken by the government in the coal and mining sectors, Union minister Pralhad Joshi said. The minister made the remarks at a conference on ‘Achievements of Coal and Mines Ministry’ in the national capital.

“In the last 9 years of the Modi government, there have been various reforms in the whole coal and mining sector. Country is moving towards Atmanirbharta. 2014 onwards, the first-come-first-serve system was totally removed and a transparent auction regime was set in place and by that state got a huge revenue both as far coal and mining sectors are concerned,” the minister for coal and mines said.

Citing examples, the minister said the revenue of Odisha from coal and other minerals increased multifold to ₹50,000 crore in 2021-22, from ₹5,000 crore in 2015-16.

The government made amendments to the Mines and Minerals (Regulation and Development) Amendment Act with an objective to simplify rules to increase the participation of players in the mining sector.

In the 7th round of coal auctions, a total of 106 coal mines were put on the block, 61 blocks are partially explored and 45 mines are fully explored, he said.

As many as 95 non-coking coal mines, 10 lignite mines and one coking coal mine are being offered in the latest round of auction.

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