Government approves allocation of 5 coal blocks, to generate Rs 17,136 crore revenue

New Delhi: The Centre on Thursday approved allocation of five coal blocks, including two to Birla Corporation and one to Vedanta, and said the mines will generate a revenue of Rs 17,136 crore for the government.

For the first time, the successful bidders shall have the flexibility to sell 25 per cent of the coal produce in open market.

“The ministry of coal, after a long gap of four years, has approved the allocation of five coal mines,” the Coal Ministry said in a statement.