9 coal mines auctioned, Rs 14.46 billion revenue, 19,000 jobs expected

02 Dec 2024 CW Team

The Ministry of Coal has successfully auctioned nine coal mines in the 10th round of commercial mining auctions, securing a combined geological reserve of 3,998.73 million tonnes. The forward auction, featuring three fully explored and six partially explored mines, achieved an average revenue share of 17.44%, showcasing robust industrial interest. The fully explored mines have a combined Peak Rated Capacity (PRC) of 14.10 million tonnes per annum (MTPA) and are projected to generate annual revenues of Rs 14.46 billion, attract capital investments of Rs 21.15 billion, and create 19,063 jobs, excluding partially explored mines. Key mines were auctioned across states like Jharkhand, Chhattisgarh, Madhya Pradesh, and Odisha. Notable bidders included S M Steels and Power Limited, NLC India Limited, and JSW Energy Utkal Limited. Among the mines, Ulia Gamhardih in Chhattisgarh received the highest bid with a 42.50% revenue share, followed by Gare Palma IV/5 at 25.75% and Kerendari-BC North at 23.25%. Since the launch of commercial coal mining in 2020, 113 mines with a total production capacity of 257.60 MTPA have been auctioned. These are expected to generate annual revenues of Rs 354.37 billion, attract investments of Rs 386.41 billion, and create 348,000 jobs, significantly contributing to India's coal self-reliance. The ministry reiterated its commitment to boosting domestic coal production, reducing imports, and advancing the government’s vision of an Atmanirbhar Bharat. (ET)

Real Estate

02 Jun 2026

Dash Square Adds Ashley Study Furniture

Dash Square has expanded its furniture portfolio with a curated study furniture collection from Ashley Furniture Homestore. The range is designed for contemporary homes where work, study and creative activities increasingly require dedicated and well-planned spaces.The collection includes writing desks, executive workstations, storage-led study units and display shelving. It combines practicality, comfort and design to create workspaces that are functional as well as visually appealing.One setting features a light-toned desk with coordinated bookcases and storage cabinets, creating a bright an..

Suraj Estate Arm Acquires Mahim Land Rights

Suraj Estate Developers, through its wholly owned subsidiary Iconic Property Developers, has signed an MoU to acquire development rights for a land parcel in Mahim (West), Mumbai, for Rs 75 crore. The plot measures around 2,941 sq m and is located next to the company’s ongoing commercial project, Suraj One Business Bay.After amalgamation with the existing commercial development, the land is expected to generate additional saleable carpet area of around 1.50 lakh sq ft, with an estimated gross development value of Rs 800 crore. The project is expected to strengthen the company’s near-to-med..

AGNI Launches Industry Benchmarking Drive

The Association of Global NICMARians (AGNI), the alumni body of NICMAR, hosted ASPIRE 2026 in Mumbai under the theme ‘Innovation to Transformation’. The symposium brought together professionals from construction, infrastructure, real estate and project management to discuss technology, AI, sustainability and data-led decision-making.At the event, AGNI announced its vision to emerge as an industry think tank and launched initiatives including an Industry Benchmarking Programme. It also proposed a digital ecosystem with tools for innovation impact assessment, salary benchmarking, company ben..