Coal Ministry issues vesting orders for 22 coal mines
New Delhi: The coal ministry has issued vesting orders for 22 coal mines to successful bidders of coal blocks under a commercial coal mine auction here on Thursday.
Out of the 22 coal mines, eleven mines are under Coal Mines (Special Provisions) Act, 2015 and the rest comes under Mines & Minerals (Development and Regulation) Act,1957.
Sixteen coal mines are fully explored mines while six mines are partially explored.
The cumulative peak rated capacity (PRC) of 22 coal mines is 53 million tonne per annum (MTPA) and having approximately 6,379.78 million tonne (MT) of Geological Reserves.
These mines are expected to generate an annual revenue of Rs. 9,831 crores and will attract Capital Investment of Rs. 7,929 crores.
It will provide employment to about 71,467 people both directly and indirectly.
“With the vesting of these 22 coal mines, Ministry of Coal had issued vesting orders for a total of 73 coal mines under commercial auctions till date with cumulative PRC of 149.304 MTPA,” the coal ministry said in a statement.
This will result in the generation of an annual revenue of Rs 23,097.64 crores to the state governments and will generate employment opportunities to 2,01,847 people, both directly and indirectly, it added.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
With heavy hearts, devotees bid farewell to Goddess Durga across Northeast
13, including 10 children, die in two separate Durga idol immersion tragedies in Madhya Pradesh
Prez Droupadi Murmu, PM Modi pay tributes to Mahatma Gandhi and Lal Bahadur Shastri on birth anniversaries
Centre orders probe into Tamil Nadu-based cargo firm Wintrack Inc’s charges against Chennai Customs
