Revenues of Rs 89.65 billion raised till November from auctioned and allotted coal blocks

According to the coal ministry’s data, the government has raised Rs 89.64 billion till November 2020 from the auctioned and allotted coal mines. …

These revenue figures consist of upfront amount and monthly premium only, while royalty and taxes or cess are payable over and above these payments. Apart from 204 coal mines covered under the Coal Mines (Special Provisions) Act, the remaining blocks are allocated under the Mines and Minerals (Development and Regulation) Act. Till date, 11 blocks under the MMDR Act have been allotted to various government companies, where two blocks are for commercial purpose and the remaining nine are for captive end-use.


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