Govt successfully bids out 29 coal blocks for commercial mining
COAL & MINING

Govt successfully bids out 29 coal blocks for commercial mining

The 29 coal blocks successfully bid out for commercial mining by the government are expected to increase average dry fuel output by 7% over the next two years, with a combined peak rated capacity (PRC) of around 91 million tonne.

According to sources, the 91 million tonne PRC of 29 coal blocks that have been bid out represents an additional 7% of the current national average PRC of coal reserves.

According to sources, the Coal Ministry put 29 reserves up for auction for commercial mining last month, and all of them were bid out. The final of the 29 mines was successfully bid out earlier in the day, they added.

With all 29 mines expected to begin production by 2024-25, or within the next two years, the government hopes that all of these coal mines combined will increase overall national average output by 7%.

On November 3, 2022, the ministry launched an auction of coal reserves for commercial mining in the sixth round and the second attempt in the fifth round. The forward auctions for these mines began on February 27. PRC refers to a coal mine's maximum production capacity, or the maximum amount of coal that can be mined from it annually.

Commercial mining allows the private sector to mine coal commercially without placing any end-use restrictions. Private firms will have the option of either gasification of the coal or exporting it. They can also use it in their own end-use plants or sell them in the markets.

Also Read
Land acquisition delays Tambaram Eastern Bypass project
70 exploration sites identified by ONGC

The 29 coal blocks successfully bid out for commercial mining by the government are expected to increase average dry fuel output by 7% over the next two years, with a combined peak rated capacity (PRC) of around 91 million tonne. According to sources, the 91 million tonne PRC of 29 coal blocks that have been bid out represents an additional 7% of the current national average PRC of coal reserves. According to sources, the Coal Ministry put 29 reserves up for auction for commercial mining last month, and all of them were bid out. The final of the 29 mines was successfully bid out earlier in the day, they added. With all 29 mines expected to begin production by 2024-25, or within the next two years, the government hopes that all of these coal mines combined will increase overall national average output by 7%. On November 3, 2022, the ministry launched an auction of coal reserves for commercial mining in the sixth round and the second attempt in the fifth round. The forward auctions for these mines began on February 27. PRC refers to a coal mine's maximum production capacity, or the maximum amount of coal that can be mined from it annually. Commercial mining allows the private sector to mine coal commercially without placing any end-use restrictions. Private firms will have the option of either gasification of the coal or exporting it. They can also use it in their own end-use plants or sell them in the markets. Also Read Land acquisition delays Tambaram Eastern Bypass project 70 exploration sites identified by ONGC

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement