CMPDI informed the ministry that a model contract document and request for proposal to select CBM developer have been prepared and submitted to coal companies, the official said.
Imports are seen falling to below 150 million tonnes by the year ending March 2024, down from 235.2 million tonnes India got from overseas in the last fiscal year.
The coal block will feed state-owned NTPC's 1600 Mw super thermal power plant at Darlipalli near Sundargarh in Odisha.
Asks Reliance to pay damages for not developing the allotted coal block
The amount is for coal bearing host states of Odisha, Jharkhand, West Bengal, Chhattisgarh & Maharashtra