Five Companies Win Coal Mines on Day One of Tenth Round Auction

22 Nov 2024 CW Team

On the first day of the tenth round of commercial coal mine auctions, five companies, including NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd, successfully secured a total of five coal blocks. The auction, aimed at boosting commercial coal mining in India, was announced by the coal ministry in an official statement.

ACC Ltd won a coal mine located in Madhya Pradesh, while NLC India and JSW Energy Utkal Ltd each secured one block in Odisha. The other two companies that emerged victorious in the auction were Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd.

Key Details of the Auction A total of nine coal blocks were put up for sale in the tenth round, with five mines successfully auctioned on the first day. Among the blocks, one is fully explored, while the remaining four are partially explored. These five blocks together hold a total of 2,630.77 million tonnes of geological reserves, with a cumulative peak rated capacity of 12 million tonnes per annum (MTPA).

Economic Impact The operationalization of these five coal mines is expected to generate an annual revenue of Rs 11.07 billion and attract capital investments of Rs 18 billion. Additionally, the projects are set to create significant employment opportunities, providing jobs to 16,224 people.

The government had launched the auction process for these coal mines on June 21, with forward e-auctions for the nine blocks beginning on November 21. This auction is part of India's ongoing efforts to enhance the commercial mining sector and reduce dependence on imported coal.

These developments signal a strong push toward expanding the nation's coal production capacity, with positive implications for revenue, employment, and infrastructure investment.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..