On the first day of the tenth round of the commercial coal mine auction, five companies successfully won coal blocks. Among the top contenders, NLC , ACC and JSW Energy Utkal secured coal blocks.
The auction, which commenced on 21 June 2024, saw forward e-auctions starting on 21 November 2024.
Key Players and Locations
ACC won a mine in Madhya Pradesh, while NLC India and JSW Energy Utkal each acquired blocks located in Odisha.
Additionally, Mineware Advisors and Shreeji Nuravi Coal Mining and Trading also won blocks during the auction.
Auction Details and Block Information
Out of the five blocks auctioned, one is fully explored, while the remaining four are partially explored.
Collectively, these blocks contain 2,630.77 million tons of geological reserves and have a Cumulative Peak Rated Capacity (CPRC) of 12 MTPA.
Economic Impact and Employment Generation
Once operational, these mines are expected to generate annual revenue of ₹1,106.91 crore, with a capital investment of ₹1,800 crore.
The project will also create employment opportunities for 16,224 people, further supporting local economies and contributing to India’s coal sector growth.
A Step Towards Reducing Import Dependency
The auction forms part of India’s ongoing strategy to increase domestic coal production and reduce reliance on coal imports.
As reported by projectstoday.com, the auction round included a total of nine coal blocks, and it is expected to conclude soon, bolstering India’s coal self-sufficiency.
