Govt issues allocation orders for three coal mines; expect to generate employment to nearly 40,560 people

economictimes.indiatimes.com:

allocation orders for three coal mines namely Machhakata (Revised), Kudanali Lubri and Sakhigopal-B Kakurhi, to NLC India Limited, Gujarat Mineral Development Corporation Limited and TANGEDCO respectively, official statement said.

Of these three coal mines, one is fully explored coal mine and two are partially explored coal mines.

«The cumulative Peak Rated Capacity (PRC) of the three coal mines for which Vesting Orders have been issued is 30.00 MTPA and are having 2,194.10 MT of Geological Reserves. These mines are expected to generate an Annual Revenue of Rs. 2,991.20 crores calculated on the basis of PRC and will attract Capital Investment of Rs. 4,500 crores. It will provide employment to approximately 40,560 people both directly and indirectly,» said Ministry of Coal's statement.

Including three coal mines for which orders were issued today, vesting/ allocation orders have been issued for a total of 95 coal mines till date with cumulative PRC of 202.50 MTPA. This will result in generating Annual Revenue of Rs. 29,516.84 crores calculated on the basis of PRC of the mines and will generate employment for 2,73,773 people both directly and indirectly.

The country's coal production rose by 6.48 per cent to 384.08 million tonne (MT) in the first five months of the ongoing fiscal. The production was 360.71 MT in April-August FY24.


(more to come)