Commercial mining: Auction of coal blocks may generate Rs 20,000 crore revenue per year
New Delhi: The auction of coal blocks for commercial mining may lead to total revenue generation of around Rs 20,000 crore per year, a coal ministry official said. The process for auction of 38 coal blocks for commercial mining is underway.
“The total revenue for one year is expected to be around Rs 20,000 crore and capital investment is around Rs 33,000 crore,” the official said.
