Govt auctions 12 coal mines, projected to yield annual revenue of ?3,330 crore

The newly auctioned mines are expected to generate an annual revenue of ?3,330 crore (excluding partially explored mines) and attract a capital investment of approximately ?2,319 crore. Additionally, these mines are projected to create 20,902 employment opportunities, significantly contributing to economic development in coal-bearing regions, the statement said.

 The mines are located in Maharashtra, Chhattisgarh, Jharkhand, Arunachal Pradesh, and Odisha.

 These 12 mines collectively hold a geological reserve of approximately 5,759.23 million tonnes, with a cumulative peak-rated capacity of 15.46 million tonnes per annum (MTPA), excluding partially explored mines. The auctions witnessed intense competition, achieving an average revenue share of 36.27%, reflecting the sustained interest of industries in India’s coal sector and the ministry’s commitment to providing a stable and transparent policy framework, the statement said.

 Since the inception of commercial coal mining in 2020, the Ministry of Coal has successfully auctioned a total of 125 coal mines, with a combined production capacity of 273.06 million tonnes per year. Once operational, these mines will play a crucial role in enhancing domestic coal production and strengthening India’s energy security. Collectively, these mines are expected to generate annual revenue of ?38,767 crore, attract capital investment of ?40,960 crore, and create employment opportunities for approximately 4,69,170 people.

Production from commercial coal mines has shown over 78% growth, rising from 12.55 million tonnes in FY 2023-24 to 22.35 million tonnes in FY 2024-25, the statement added.