The Ministry of Coal has issued vesting orders for 22 coal mines to successful bidders of coal blocks under commercial coal mine auction.
Of these, eleven mines are under Coal Mines (Special Provisions) Act, 2015 and the rest are under Mines and Minerals (Development and Regulation) Act, 1957. Sixteen coal mines are fully explored mines while six mines are partially explored. The cumulative peak rated capacity (PRC) of these 22 coal mines is 53 million tonne per annum (mtpa) and have approximately 6,379.78 million tonnes of geological reserves. These mines are expected to generate annual revenue of Rs 98.31 billion and will attract capital investment of Rs 79.29 billion. With the vesting of these 22 coal mines, Ministry of Coal had issued vesting orders for a total of 73 coal mines under commercial auctions till date with cumulative PRC of 149.304 mtpa.