The Ministry of Coal has transferred Rs 7.04 billion upfront amount received from auction of coal mines to six coal bearing states namely Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha and West Bengal.
This financial transfer marks a substantial initiative to empower and support developmental growth of these states. The allotted amount represents the first instalment of upfront amount for 18 coal mines that were successfully auctioned under the sixth round and second attempt of fifth round of commercial coal mine auctions.