Commercial coal mining: 19 auctioned blocks to generate Rs 7000 crore annual revenue
The auction of coal mines for commercial mining witnessed “fierce competition” and the 19 blocks that went under the hammer can generate total revenues of around Rs 7,000 crore per annum and create more than 69,000 jobs once they are operationalised, Coal Minister Pralhad Joshi said on Monday. The auction of blocks for commercial mining has opened the coal sector to the private players.
“With a combined peak-rated capacity reaching 51 MT per annum, it is expected that these 19 mines will generate a total revenue of nearly about Rs 7,000 crore,” the minister said while briefing the media here.
