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Coal Ministry Issues Allocation Orders to three Coal Mines
Three additional coal mines were given allocation orders by the Ministry of Coal today as part of the commercial coal mining. The allocation instructions were given to representatives of the winning bidder by Shri M. Nagaraju, Additional Secretary (MoC) & Nominated Authority. In his speech, Additional Secretary & Nominated Authority placed emphasis on the business sector's involvement in advancing energy security. Additionally, he asked the chosen bidders to finish coal mine development in accordance with efficiency standards.
These three coal mines have a combined production capacity of 3.7 million Tons Per Annum (MTPA) and 156.57 MT of geological reserves. These mines are anticipated to bring in a capital investment of $5,500 million and provide an annual revenue of $4,080 million. Five thousand people will have jobs as a result.
With the allocation of these coal mines, allocation orders have now been given out for 48 coal mines, totaling 89 MTPA of PRC that are now being mined commercially.
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