New Delhi, 22 NOV 2024: Ministry of Coal has executed the agreements for 3 coal blocks with successful bidders on November 22, 2024. The event marked the successful auctions of 104 coal blocks till date since the launch of commercial coal mining in the country by Prime Minister Shri Narendra Modi. All these three coal blocks are fully explored coal blocks.
Secretary, Ministry of Coal, Shri Vikram Dev Dutt, along with Additional Secretary & Nominated Authority Ms. Rupinder Brar, handed over the agreements to the successful bidders of three coal blocks.
During the occasion both officials assured full support & cooperation from the Ministry to ensure the smooth operationalization of the blocks. Shri Dutt emphasized the Ministry’s commitment to facilitating the successful implementation of coal mining projects, which are expected to contribute significantly to India’s energy security and economic growth.
The blocks for which these Coal Block Production and Development Agreements have been executed are Meenakshi and Rampia & Dip Side of Rampia coal blocks. The Successful Bidders include Hindalco Industries Limited and Jhar Mineral Resources Private Limited respectively.
The total annual revenue generation from these 3 coal blocks under commercial auctions is estimated at Rs. 2,709.95 crores considering production at aggregated Peak Rate Capacity level of 27.00 MTPA. Once these blocks are fully operational, they are expected to generate employment for 36,504 persons directly and indirectly and total investment of Rs 4,050 crores will be expended to operationalise these coal blocks.
With the execution of CMDPAs for these 3 coal blocks, CMDPAs have been signed for 101 coal mines auctioned under commercial coal auctions.
