In line with the Prime Minister’s self-reliance call, the coal ministry will on Thursday launch the auction process of 41 blocks for commercial mining with an aim to achieve self-sufficiency in meeting energy needs and boost industrial development.
Prime Minister Narendra Modi will address the launch event through video conferencing and outline his vision to achieve self-reliance in the mining sector.
The commercial mining of these coal blocks is expected to generate approximately Rs 33,000 crore of capital investment in the country over the next five to seven years, the coal ministry said in a statement.
These blocks will contribute Rs 20,000 crore revenues annually to the state governments, it added.
