Centre to auction another 50 commercial coal blocks in FY25
₹54,721 crore in FY25, about 9% higher than ₹50,118 crore target in FY24. About ₹45,000 crore is expected to come from the auction of commercial mines.
Queries sent to the ministry of coal remained unanswered till press time. In the wake of weakening investor interest after initial enthusiasm among miners, over the past one year the ministry has taken up a number measures to make the mines more attractive for private investors.
Last year, the ministry for the first time carried out ground verification of coal blocks ahead of commercial auctions in a bid to attract investors. Based on such surveys, blocks are modified, with large ones bifurcated and offered as separate blocks.
In a bid to attract investor interest, the Centre has largely kept the requirements liberal with no restriction on utilization of coal, whether for captive consumption or commercial purposes, and has reduced the upfront payable amount among other relaxations. The government also gives a 50% rebate on the final offer if the quantity of coal under the terms of purchase is produced earlier than the scheduled date.
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