GOI Issues Vesting Orders for Seven Coal Mines in Commercial Auctions

10 Feb 2025 CW Team

The Ministry of Coal has issued vesting orders for seven coal mines under commercial coal mine auctions, following the signing of Coal Mine Development and Production Agreements (CMDPA) on December 5, 2024. The allotted mines include Gawa (East), Gare Palma IV/5, Marwatola South, New Patrapara South, Sarai East (South), Bartap (Revised), and Kerendari BC North. Among them, five are partially explored, while two are fully explored.

These mines have a combined Peak Rated Capacity (PRC) of 13.10 MTPA and geological reserves of 3,308 million tonnes. They are expected to generate an annual revenue of Rs 13.27 billion based on PRC and attract a capital investment of Rs 19.65 billion. Additionally, the mines will create employment opportunities for approximately 17,500 people, both directly and indirectly.

With these allocations, the total number of coal mines vested under the commercial coal mine auction now stands at 107, with a cumulative PRC of around 246.60 MTPA. The initiative is expected to contribute approximately Rs 340 billion in annual revenue and generate employment for 333,000 individuals across the sector.

(psuconnect)

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