Coal auctions under current round to fetch four states Rs 43,000 crore

KOLKATA: The current round of coal block auction for the non-regulated sector is likely to fetch four states about Rs 43,000 crore over the life of the mines from the extractable reserves, analysts said.

This, however, assumes that the entire extractable reserve of the six blocks auctioned under the current round are mined by the companies that emerged winners. “States will also benefit from additional revenue streams like royalty on Coal India’s notified prices besides the auction premium to be paid by the win-ning bidder,” said Jayanta Roy of ICRANSE -0.61 %.