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

Next Story
Infrastructure Transport

JNPA Becomes First Indian Port to Cross 10 Million TEU Capacity

The Jawaharlal Nehru Port Authority (JNPA), located at Uran in Navi Mumbai, has become the first port in India to achieve over 10 million TEUs (twenty-foot equivalent units) in container handling capacity.With the recent expansion, the port now operates five container terminals with a combined capacity of 10.4 million TEUs, alongside two liquid and two general cargo terminals.Handling more than half of India’s container traffic, JNPA processed 7.05 million TEUs in 2024 and has moved 15.39 million tonnes of containers and 16.64 million tonnes of total cargo in the first two months of FY 2025â..

Next Story
Infrastructure Transport

Nod for Rs. 36.26 billion Expansion of Pune Metro Line 2

The Union Cabinet has approved the Rs.36.26 billion expansion of Pune Metro Line 2, adding 12.75 km of track and 13 new stations to improve east–west connectivity across the city.The project aims to link Pune’s urban core with rapidly growing suburbs, supporting the city’s rising demand for efficient and sustainable transport solutions. This expansion is part of Corridor 2 of the Pune Metro and includes two key routes: Vanaz to Chandani Chowk (Corridor 2A) and Ramwadi to Wagholi/Vitthalwadi (Corridor 2B).It will connect residential, IT, and educational hubs in areas such as Bavdhan, Koth..

Next Story
Infrastructure Transport

Assembly begins for ‘Nayak’ TBM on Thane– Borivali Twin Tunnel Project

The assembly of ‘Nayak’, the first of four Tunnel Boring Machines (TBMs) for the Thane–Borivali Twin Tube Tunnel Project, has commenced at the Thane site. Built by German firm Herrenknecht AG and deployed by Megha Engineering & Infrastructure (MEIL), the TBM marks a key milestone in Mumbai’s ambitious 11.8-km underground road corridor beneath Sanjay Gandhi National Park.The twin tunnels will reduce the Thane–Borivali travel distance by 12 km and decongest Thane Ghodbunder Road. ‘Nayak’, with a 13.2-metre diameter, is designed to bore through challenging geological conditions ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?