Ministry of Coal issues vesting/allocation order for 12 coal mines

The Ministry of Coal has issued allocation/vesting orders for 12 coal mines for which the Coal Mine Development and Production Agreement (CMDPA) were signed on August 17, 2022.

Of the 12 coal mines, seven mines are under Coal Mines (Special Provisions) Act, 2015 and five coal mines are under Mines and Minerals (Development and Regulation) Act, 1957. The cumulative peak rated capacity (PRC) of the 12 coal mines for which vesting orders have been issued is 21 million ton per annum (mtpa) and geological reserve is 2,300 million tonne (mt). These mines are expected to generate an annual revenue of Rs 35.69 billion calculated on the basis of PRC and will attract capital investment of Rs 32.08 billion. With the vesting/allocation of these 12 coal mines, vesting/allocation orders have been issued for total 39 coal mines under commercial auctions with cumulative PRC of 83.10 mtpa. This will result in generation of annual revenue of Rs 113.80 billon calculated on the basis of PRC of the coal mine to  state government.

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