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

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

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.

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.

Next Story
Technology

BBMP Pledges Faster E-Khata Processing Amid Citizen Complaints

Facing mounting complaints over delays in e-khata issuance, the Bruhat Bengaluru Mahanagara Palike (BBMP) has promised to resolve the issue within 10 days. BBMP Chief Commissioner Tushar Giri Nath assured citizens that efforts are underway to expedite processing rates from the current 2,000 to a target of 10,000–15,000 applications daily. "We have cleared 90% of the 90,000 pending applications, leaving only 4,500 to process. To meet the demand, over 800 additional staff and assistant revenue officers (AROs) have been deployed to manage applications in each ward," Nath stated. Persistent Dela..

Next Story
Real Estate

Delhi HC Orders DDA to Assist CBI in Housing Lapses Probe

The Delhi High Court has instructed the Delhi Development Authority (DDA) to fully cooperate with the Central Bureau of Investigation (CBI) in its probe into alleged lapses in the construction of 336 high-rise HIG/MIG houses at Signature View Apartments, north Delhi. Justice Chandra Dhari Singh emphasized that DDA must furnish information about any internal inquiry and the officials involved to facilitate the investigation. The court noted CBI’s submission that DDA had not responded to multiple reminders since July, delaying the probe. The CBI is investigating allegations of "cheating, crimi..

Next Story
Infrastructure Urban

Mahindra Lifespace to Appeal Tamil Nadu GST Tax Demand

Mahindra Lifespace Developers Ltd has announced a tax demand of Rs 20.9 million imposed by the Tamil Nadu GST department, including interest and penalties. The order, issued by the Assistant Commissioner of State Tax, Chengalpattu, cites an alleged shortfall in GST payments under Section 74 of the GST Act, 2017. The realty firm refuted the allegations, stating, “Based on the company's assessment, there is no noncompliance, and a general penalty has been imposed.” The company plans to appeal the order, expressing confidence in a favorable resolution. Mahindra Lifespace assured stakeholders ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000