TFP Bureau, New Delhi; Dec 14, 2023: The Ministry of Coal, in its commitment to bolster self-reliance in the coal sector, has taken a significant stride by issuing Vesting Orders for six commercial coal mines and formalizing agreements for two mines. This initiative is part of the government’s larger vision to make the country Atmanirbhar in the coal sector.
Out of the six coal mines for which Vesting Orders were issued, two are fully explored mines, while the rest are partially explored. The cumulative Peak Rated Capacity (PRC) of these six coal mines is 7.00 Million Tonnes Per Annum (MTPA), with geological reserves totaling 2,105.74 Million Tonnes (MT). These mines are anticipated to generate an annual revenue of Rs. 787.59 crores, calculated based on the Peak Rated Capacity, and are projected to attract a capital investment of Rs. 1,050 crores. The operationalization of these mines is expected to create employment opportunities for 9,464 people, both directly and indirectly.
Additionally, Coal Block Development and Production Agreements (CBDPA) were formally signed for two fully explored mines, marking a crucial step forward in the development of these mining projects.
Coal Secretary Shri Amrit Lal Meena extended congratulations to all successful bidders and urged them to expedite the operationalization of the coal blocks. He assured them of the Ministry of Coal’s full support in obtaining the necessary clearances for seamless project execution.
This recent development takes the total number of vesting orders issued to 80 coal mines to date, with a cumulative Peak Rated Capacity of 151.50 MTPA. This comprehensive approach is expected to contribute significantly to the state government’s revenue, with an estimated Rs. 23,596.75 crores calculated based on the Peak Rated Capacity of the coal mines. Moreover, it is poised to generate employment for 2,04,821 individuals, both directly and indirectly, reinforcing the economic impact of the coal sector initiatives.
