By Our Correspondent
NEW DELHI/BHUBANESWAR: The Coal Ministry has also signed agreements for 29 coal mines which were auctioned under 6th round of commercial coal mines auction. The cumulative PRC of 29 coal mines is 74 MTPA.
These mines upon operationalisation will generate Annual Revenue of Rs. 14,497 crores calculated at PRC of these coal mines and will provide employment to about one lakh people.
Defence Minister Shri Rajnath Singh urged the coal sector of the country to further ensure energy security of India to meet the requirements of our fast growing economy. Addressing a function organized by the Ministry of Coal here today as chief guest, for the launch of 7th round of commercial coal mines auction and signing of agreements with successful bidders of the 6th round of auctions, Shri Rajnath Singh complimented Coal Ministry’s successful efforts in ensuring totally transparent online auction of coal blocks in the country. He pointed out that the reforms initiated by the present Government has made India a sought after investment destination globally.
Presiding over the function Coal, Mines & Parliamentary Affairs Minister Shri Pralhad Joshi stated that with 14 % increase, coal production is expected to touch the record figure of 880 million tonne this fiscal and off take is likely to touch 900 million tonne. Touching upon varied reforms initiated by the Coal ministry, Shri Joshi disclosed that coal production exclusively from captive /commercial mines has crossed 100 million tonne for the first time. The minister said that the coal sector is fully geared to meet the growing demand. All efforts are on to further enhance production and export of thermal coal by the year 2025-2026, he added. Calling upon the private sector to participate more actively in coal mines auctions, Shri Joshi highlighted the incentives given by the ministry for early production of coal.
Minister of state for Coal, Mines & Railways Shri Raosaheb Patil Danve who addressed the function as guest of honour pointed out that power demand is fast growing and the coal sector performance is crucial to give further fillip to economic growth.
Addressing the function, Coal Secretary Shri Amrit Lal Meena and Additional Secretary & Nominated Authority Shri M Nagaraju highlighted different initiatives undertaken by the ministry to ensure sustainable coal production. The focus of commercial auction is centred around competition, capital investment, use of latest technology and enhanced participation.
