Commercial coal auctions start with 41 mines entailing Rs 33,000 crore investments
India on Thursday started auction of 41 coal blocks for commercial coal mining expecting to attract Rs 33,000 crore investments over 5-7 years from Indian and global miners.
The blocks spread over five states have total geological mines of 16,979 million tonnes and a cumulative peak capacity of 225 million tonnes per annum.
The government will offer five mines of over 10 million tonnes per annum capacity and nine blocks with peak capacity between 5-10 million tonnes. About 27 million tonnes have peak capacity of less than five million tonnes per annum.
Coal secretary Anil Jain said the government has offered a mix of small and medium coal blocks to cater to all sizes of businesses. Sources said companies like Adani group, Vedanta Resources and JSW steel will eye bigger blocks like Chendipada- I&II, Macchakata and Mahanadi and Phuljhari (East & West).
