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)

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..