Three coal mines have been allocated by the Coal Ministry to NLC India Ltd, Gujarat Mineral Development Corporation, and TANGEDCO.
The Coal Ministry issued allocation orders for three commercial coal mines. The allocated coal mines are Machhakata to NLC India Ltd, Kudanali Lubri to Gujarat Mineral Development Corporation and Sakhigopal-B Kakurhi to TANGEDCO.
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“The Ministry of Coal today issued Allocation Orders for 03 Coal Mines namelyMachhakata (Revised), Kudanali LubriandSakhigopal-B Kakurhi,toNLC India Limited, Gujarat Mineral Development Corporation Limitedand TANGEDCO respectively. Of these three coal mines, one is fully explored coal mine and two are partially explored coal mines,” the Ministry of Coal said in a statement released on Thursday, September 5.
The cumulative peak rated capacity (PRC) or the annual production rate of the three coal mines is 30.00 million tonnes per annum, and they have 2,194.10 million tonnes of geological reserves. The Coal Ministry estimates that these mines will generate an annual revenue of Rs. 2,991.20 crore.
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The three coal mines will attract capital investment of Rs. 4,500 crore, according to the government. Additionally, it aims to provide both direct and indirect employment to almost 40,560 people.
The government said that it has issued allocation orders for 95 mines till now including the three mines which have been allocated today . The total PRC of these mines is estimated to be at 202.50 million tonnes per annum. This will result in an annual revenue of Rs. 29,516.84 and generate both direct and indirect jobs for 2,73,773 people.
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The Ministry of Coal is expected to offer over 50 coal blocks for commercial coal auctions in this financial year, according to a Mint report on August 23.
In the last fiscal year , the captive and commercial coal blocks have produced 147 million tonnes of coal, which is a 27% year-on-year growth from FY23.
For the current fiscal year (FY25), the government has set the production target at 186.63 million tonnes from captive and commercial coal mines, the report said.
In January, there were plans to increase the production to 225.69 MT during FY26, it added.
