Ministry of Coal launched the 12th round of coal block auctions for commercial mining, witnessing intense competition, and achieving an average revenue share of 26.70 per cent.
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Ministry of Coal launched the 12th round of coal block auctions for commercial mining, witnessing intense competition, and achieving an average revenue share of 26.70 per cent.
The auction was held on March 27, and forward auctions were held from July 28 to July 31. A total of seven coal blocks has been successfully auctioned, comprising three fully explored and four partially explored coal blocks, the Ministry of Coal said.
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The Ministry believes that these blocks are expected to generate an annual revenue of approximately Rs 719.90 crore (excluding partially explored blocks), and likely to attract a capital investment of around Rs 787.50 crore, and create 7,098 employment opportunities.
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These seven blocks hold a combined geological reserve of approximately 1,761.49 million tonnes. The cumulative Peak Rated Capacity (PRC) of these blocks stands at 5.25 MTPA (excluding partially explored coal blocks).
Auctions were held across Jharkhand and Chhattisgarh, with final offers significantly surpassing the reserve price of 4 per cent in most cases.
All blocks in this tranche were non-coking in nature and indicate strong interest from private players, with several bids far exceeding the baseline reserve price, signaling growing confidence in India’s coal sector amid efforts to ensure energy security and domestic production.
A total of 131 coal blocks have been auctioned successfully since the inception of commercial coal mining in 2020. A production capacity of 277.31 Million Tonnes per year has also been recorded.
Collectively, these blocks are expected to generate annual revenue of Rs 39,359 crore, capital investment of Rs 41,597 crore, and provide employment for 3,74,916 people in coal-bearing regions, the ministry said.
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