+
Two Coal Mines Awarded in Latest Coal Ministry Auction
COAL & MINING

Two Coal Mines Awarded in Latest Coal Ministry Auction

After 11 rounds of coal mining auctions, two enterprises—Singhal Business Pvt Ltd. and PRA Nuravi Coal Mining Pvt Ltd.— have emerged as the successful bidders of two coal mines and are now partnering with the Ministry of Coal on several Coal Mine Development and Production Agreements (CMDPAs). Singhal Business has secured the Marwatola-II coal mine, while Nuravi has successfully bid for the Namchik West coal mine.

These agreements are part of a significant step towards enhancing India’s energy security, economic growth, and coal production. To begin operations on these mines, a capital investment of approximately Rs 550 million will be required. Both coal mines are expected to generate an estimated annual revenue of Rs 1.0614 billion, based on a total Peak Rated Capacity (PRC) of ~0.34 million tonnes per annum (MTPA). Additionally, the mines are expected to create around 460 direct and indirect job opportunities, contributing to the socio-economic development of their respective regions.

With these additions, a total of 120 coal mines have been auctioned by the Ministry of Coal. The total investment required for these mines is Rs 400 billion, and the projected PRC from these mines is 265.64 MTPA, the estimated annual revenue is Rs 373 billion. Moreover, they will provide employment for nearly 360,000 individuals in the country.

The Coal Ministry has stressed the need for energy independence and reaffirmed its commitment to investor friendly auction practices.

After 11 rounds of coal mining auctions, two enterprises—Singhal Business Pvt Ltd. and PRA Nuravi Coal Mining Pvt Ltd.— have emerged as the successful bidders of two coal mines and are now partnering with the Ministry of Coal on several Coal Mine Development and Production Agreements (CMDPAs). Singhal Business has secured the Marwatola-II coal mine, while Nuravi has successfully bid for the Namchik West coal mine. These agreements are part of a significant step towards enhancing India’s energy security, economic growth, and coal production. To begin operations on these mines, a capital investment of approximately Rs 550 million will be required. Both coal mines are expected to generate an estimated annual revenue of Rs 1.0614 billion, based on a total Peak Rated Capacity (PRC) of ~0.34 million tonnes per annum (MTPA). Additionally, the mines are expected to create around 460 direct and indirect job opportunities, contributing to the socio-economic development of their respective regions. With these additions, a total of 120 coal mines have been auctioned by the Ministry of Coal. The total investment required for these mines is Rs 400 billion, and the projected PRC from these mines is 265.64 MTPA, the estimated annual revenue is Rs 373 billion. Moreover, they will provide employment for nearly 360,000 individuals in the country. The Coal Ministry has stressed the need for energy independence and reaffirmed its commitment to investor friendly auction practices.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code