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Privatisation Of Coal Mines
The coal ministry on Tuesday said it has allocated a total of 200 coal blocks so far. "The Ministry of Coal has achieved a historic milestone with the allocation of its 200th coal mine, underscoring its relentless drive to transform India's coal sector," an official statement said. The allocation for the Marwatola-II coal block in Madhya Pradesh to Singhal Business Pvt Ltd reaffirms the government's commitment to sectoral reforms, fostering private participation, and bolstering national self-reliance in coal production, it added. The Nominated Authority reaffirmed the Ministry's steadfast commitment to nurturing an environment conducive to investment, reducing procedural impediments, and enabling the expeditious operationalisation of coal blocks across the country. Over the past several years, the coal ministry has ushered in a suite of transformative reforms, from the advent of commercial coal mining and the rollout of a single-window clearance system to the adoption of digital ..
NTPC, Hindalco Industries, Bajrang Power and Ispat bagged one mine each during the seventh round of coal auctions. NTPC Ltd bagged the North Dhadu (Eastern Part) coal block in Jharkhand, which has 439 Million Tonnes (MT) of coal reserves, the Ministry of Coal said in a statement on Wednesday. Hindalco Industries bagged the Meenakshi West block in Odisha, which has 950 MT of coal reserves and Bajrang Power and Ispat Ltd won the Pathora East Coal Block in Madhya Pradesh that has 110.40 MT of coal reserves. "Upon operationalisation, these coal mines will generate an annual revenue of Rs 450 crore calculated at PRC (Peak Rate Capacity) of these coal mines (excluding partially explored coal mines). The mines will attract capital investment of Rs 600 crore and will provide employment to 5,408 people," the ministry said.