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Centre completes seventh tranche of coal block auctions successfully
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₹787 crore (excluding partially explored coal mines) calculated at the peak rated capacity (PRC) of these coal mines. These auctions are also anticipated to attract a capital investment of approximately ₹1,050 crore, leading to creation of around 9,464 employment opportunities, it added.
With the successful auctioning of these six coal mines, the total number of coal mines auctioned under commercial auctions now stands at 92. These mines are projected to generate an annual revenue of approximately ₹34,185 crore (excluding partially explored coal mines) calculated at the current PRC of coal mines, the ministry said.
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