By Our Correspondent
BHUBANESWAR: The BJP Lok Sabha MP Mr Naveen Jindal led Jindal Steel And Power , Jindal Power Limited scored better in the 11th Round of Commercial Coal Mine Auctions , results of which were announced on Monday.
Saradhapur Jalatap East Coal Block in Odisha Goes to Jindal Steel And Power , Jindal Power Limited bagged Banai –Bhalumunda coal block in Chhattisgarh.
Saradhapur Jalatap East in Odisha has Geological Reserves of 3257.89 (MT) coal while Banai –Bhalumunda coal block in Chhattisgarh has Geological Reserves of 1376.0757 (MT) coal.
The Ministry of Coal has launched the 11th round of coal mine auctions for commercial mining on December 05, 2024 marking another significant step in India’s journey towards self-reliance in the coal sector. In the forward auctions, a total of twelve coal mines were successfully auctioned, comprising eight fully explored mines and four partially explored coal mines.
These twelve mines collectively hold a geological reserve of approximately 5,759.23 million tonnes, with a cumulative Peak Rated Capacity (PRC) of 15.46 Million Tonnes Per Annum (MTPA), excluding partially explored mines. The auctions witnessed intense competition, achieving an impressive 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 newly auctioned mines are projected 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 expected to create 20,902 employment opportunities, significantly contributing to economic development in coal-bearing regions.
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 operationalized, 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 an annual revenue of ₹38,767 crore, attract a capital investment of ₹40,960 crore, and create employment opportunities for approximately 4,69,170 people.
Production from commercial coal mines have shown significant growth. Production of coal in FY 23-24 was 12.55 MT and it has increased in FY 24-25 to 22.35 MT (till date) registering a growth of ~78.14%.
These strategic initiatives undertaken by the Ministry of Coal reaffirm its dedication to transforming the coal sector into a key driver of economic growth. By ensuring a robust and sustainable supply of coal, these efforts not only address the nation’s energy demands but also foster economic stability and employment generation, further advancing the vision of an ‘Atmanirbhar Bharat.’
