Power giants secure coal mines in 7th round
POWER & RENEWABLE ENERGY

Power giants secure coal mines in 7th round

During the seventh round of coal auctions, it was announced that one mine each was secured by NTPC, Hindalco Industries, and Bajrang Power and Ispat. According to a statement from the Ministry of Coal, NTPC acquired the North Dhadu (Eastern Part) coal block in Jharkhand, which has coal reserves of 439 Million Tonnes (MT).

In Odisha, Hindalco Industries was successful in obtaining the Meenakshi West block, which is rich in coal reserves, amounting to 950 MT. Meanwhile, Bajrang Power and Ispat emerged victorious in winning the Pathora East Coal Block in Madhya Pradesh, boasting coal reserves of 110.40 MT.

The ministry stated that once these coal mines are operational, they are expected to generate an annual revenue of Rs 4.50 billion, calculated at the Peak Rate Capacity (PRC) of the coal mines, excluding partially explored ones. Additionally, the mines are projected to attract capital investment of Rs 6 billion and create employment opportunities for 5,408 people.

The ministry also mentioned that the operationalisation of these mines would lead to an annual revenue of Rs 4.50 billion, based on the Peak Rate Capacity (PRC) of these coal mines, excluding partially explored mines. Moreover, it is expected that these mines will attract a capital investment of Rs 6 billion and generate employment for 5,408 people.

Also read: 
RIL to produce green hydrogen in 2 years
CERC approves 4.5 GW Renewable Power evacuation in Gujarat


During the seventh round of coal auctions, it was announced that one mine each was secured by NTPC, Hindalco Industries, and Bajrang Power and Ispat. According to a statement from the Ministry of Coal, NTPC acquired the North Dhadu (Eastern Part) coal block in Jharkhand, which has coal reserves of 439 Million Tonnes (MT). In Odisha, Hindalco Industries was successful in obtaining the Meenakshi West block, which is rich in coal reserves, amounting to 950 MT. Meanwhile, Bajrang Power and Ispat emerged victorious in winning the Pathora East Coal Block in Madhya Pradesh, boasting coal reserves of 110.40 MT. The ministry stated that once these coal mines are operational, they are expected to generate an annual revenue of Rs 4.50 billion, calculated at the Peak Rate Capacity (PRC) of the coal mines, excluding partially explored ones. Additionally, the mines are projected to attract capital investment of Rs 6 billion and create employment opportunities for 5,408 people. The ministry also mentioned that the operationalisation of these mines would lead to an annual revenue of Rs 4.50 billion, based on the Peak Rate Capacity (PRC) of these coal mines, excluding partially explored mines. Moreover, it is expected that these mines will attract a capital investment of Rs 6 billion and generate employment for 5,408 people. Also read:  RIL to produce green hydrogen in 2 yearsCERC approves 4.5 GW Renewable Power evacuation in Gujarat

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?