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.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?