Centre Completes Auction Of 9 Coal Mines

New Delhi: The Ministry of Coal announced on Wednesday that it has successfully auctioned 9 mines as part of the 10th round of commercial coal mine auctions.

These mines are expected to generate an annual revenue of around Rs1,446 crore (excluding partially explored mines), likely to attract a capital investment of around Rs2,115 crore, and create 19,063 employment opportunities, the ministry said.

The nine mines hold a combined geological reserve of approximately 3,998.73 million tonnes. The cumulative Peak Rated Capacity (PRC) of these mines stands at 14.10 MTPA, excluding partially explored coal mines, according to the Ministry statement.