The Ministry of Coal on Thursday issued vesting orders for 22 auctioned coal blocks, which are expected to attract a capital investment of Rs 7,929 crore. The mines are also expected to generate annual revenue of Rs 9,831 crore and generate around 71,467 direct and indirect job opportunities, the ministry said in a statement.
Additional Coal Secretary M Nagaraju, who is the Nominated Authority of the Ministry of Coal, issued vesting orders for 22 coal mines to successful bidders of coal blocks under commercial coal mine auction in the national capital, it said.
Out of the 22 coal mines, 11 mines are under the Coal Mines (Special Provisions) Act, 2015, and the rest comes under Mines & Minerals (Development and Regulation) Act, 1957.
