By Our Correspondent
BHUBANESWAR: The Jharkhand’s Chaibasa Headquarters Rungta Sons Pvt Ltd, a subsidiary of Rungta Mines Ltd Group , has won 2 Coal blocks including 1 each in Jharkhand and Chhattisgarh.
RSPL emerged as top bidder for Seregarha coal block in Jharkhand with 36.50 % while the mining giant, also got Vijay Central coal block in Chhattisgarh by committing to pay premium of 48.50 %.
Seregarha coal block in Jharkhand has Geological Reserves of 187.290 (MT) coal while Vijay Central coal block in Chhattisgarh has Geological Reserves of 56.750 (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%.
