In the forward auctions conducted by the Ministry of Coal, a total of 13 coal mines were auctioned of which four coal mines are fully explored coal mines and nine mines are partially explored coal mines.
The Ministry of Coal had launched the auctions of coal mines for commercial mining under 8th round on November 15, 2023 and 9th round on December 20, 2023. The total geological reserves for these 13 coal mines are about 2569.76 million tonnes. The cumulative peak rated capacity for these coal mines is 4.2 million tonnes per annum (excluding partially explored coal mines). The auctions witnessed a strong competition with an average revenue share of 25.96 per cent. These mines will contribute to annual revenue generation of Rs 6.52 billion (excluding partially explored coal mines) and capital investment of approximately Rs 6.30 billion.