Minister of coal and mines, G. Kishan Reddy, has launched the eleventh round of commercial coal mine auctions, offering 27 coal blocks for bidding.
These coal blocks span across six states: Jharkhand, Odisha, Chhattisgarh, Maharashtra, Madhya Pradesh, and Arunachal Pradesh. They include both fully explored and partially explored mines. Among them is one coking coal mine.
Agreements Signed for Tenth Round of Auctions
The coal ministry successfully executed agreements with the bidders of the tenth round of auctions for nine coal blocks.
Once operational, the mines are expected to generate ₹1,446 crores in annual revenue based on their peak rated capacity (PRC).
Reforms to Ensure Growth and Sustainability
To enhance the sector’s growth and sustainability, the ministry of coal has introduced reforms. These reforms aim to make coal mining operations more efficient and environmentally responsible.
Mines located in protected areas, wildlife sanctuaries, critical habitats, or with forest cover exceeding 40% have been excluded from the auction.
Additionally, the ministry has revised the boundaries of certain coal blocks with dense habitation, high green cover, or critical infrastructure to make them more attractive for investors.
Coal: A Cornerstone of India’s Energy Sector
The minister highlighted the critical role coal plays in India’s energy landscape, stating that power generation without coal is unimaginable.
He emphasized how coal block auctions are driving India toward energy security and self-reliance while reducing dependency on imports.
Empowering Communities Through Mining
The minister underscored the government’s commitment to uplifting local communities through coal mining activities.
He stressed that these auctions contribute to economic growth. They also aim to empower communities by creating jobs, enhancing infrastructure, and improving access to education and healthcare in coal mining regions.
Promoting Clean Energy with Gasification Projects
Reddy also drew attention to the government of India’s ₹8,500 crore financial incentive scheme to promote coal and lignite gasification projects.
The initiative supports India’s ambitious target of achieving 100 million tons of coal gasification by 2030.
The scheme aims to foster cleaner and more efficient technologies. It seeks to lower carbon emissions, reduce reliance on imported natural gas, and pave the way for sustainable energy development.
A Vision for Sustainable Mining
The minister expressed confidence that these measures would position India as a global leader in sustainable mining practices.
As reported by pib.gov.in, the ongoing reforms and innovative technologies reflect the government’s vision of balancing energy security with environmental responsibility.
