+
10 Firms Secure Coal Blocks in 11th Commercial Auction
COAL & MINING

10 Firms Secure Coal Blocks in 11th Commercial Auction

Ten companies, including Western Coalfields (WCL) and Jindal Steel and Power (JSPL), have secured coal blocks in the 11th round of commercial mine auctions conducted by the Coal Ministry.

A total of 12 mines were successfully auctioned on December 5, 2024, out of the 27 blocks offered. The winning bidders include Jharkhand Exploration and Mining Corporation, Rungta Sons, Jindal Power, New Era Cleantech Solution, and Innovative Mines and Minerals.

Key Auction Highlights Geological reserves: 5,759.23 million tonnes

Peak Rated Capacity: 15.46 million tonnes per annum (excluding partially explored mines)

Average revenue share: 36.27%

Economic Impact The newly auctioned mines are expected to generate ?3,330 crore in annual revenue and attract a capital investment of ?2,319 crore. They are also projected to create 20,902 jobs, boosting economic activity in coal-rich regions.

Since the launch of commercial coal mining in 2020, 125 mines have been auctioned, with a combined production capacity of 273.06 mtpa. Once fully operational, these mines will generate ?38,767 crore in annual revenue, attract ?40,960 crore in investments, and create 4.69 lakh jobs.

Coal Production Growth India’s commercial coal production has surged, with FY25 production reaching 22.35 mt, marking a 78.14% growth over FY24’s 12.55 mt. This expansion is set to enhance domestic coal output and strengthen India’s energy security.

Ten companies, including Western Coalfields (WCL) and Jindal Steel and Power (JSPL), have secured coal blocks in the 11th round of commercial mine auctions conducted by the Coal Ministry. A total of 12 mines were successfully auctioned on December 5, 2024, out of the 27 blocks offered. The winning bidders include Jharkhand Exploration and Mining Corporation, Rungta Sons, Jindal Power, New Era Cleantech Solution, and Innovative Mines and Minerals. Key Auction Highlights Geological reserves: 5,759.23 million tonnes Peak Rated Capacity: 15.46 million tonnes per annum (excluding partially explored mines) Average revenue share: 36.27% Economic Impact The newly auctioned mines are expected to generate ?3,330 crore in annual revenue and attract a capital investment of ?2,319 crore. They are also projected to create 20,902 jobs, boosting economic activity in coal-rich regions. Since the launch of commercial coal mining in 2020, 125 mines have been auctioned, with a combined production capacity of 273.06 mtpa. Once fully operational, these mines will generate ?38,767 crore in annual revenue, attract ?40,960 crore in investments, and create 4.69 lakh jobs. Coal Production Growth India’s commercial coal production has surged, with FY25 production reaching 22.35 mt, marking a 78.14% growth over FY24’s 12.55 mt. This expansion is set to enhance domestic coal output and strengthen India’s energy security.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code