The Coal Ministry has projected an estimated income of ₹17,136 crore to the State governments from the recently concluded auction of five mines.
A Coal Ministry statement also said that the allocation of bid out mines has been approved.
In this round, Birla Corporation Ltd has won two mines in Madhya Pradesh, Prakash Industries Ltd has won one mine in Chhattisgarh, Powerplus Traders Private Ltd has bagged one block in West Bengal and Vedanta Ltd has won a block in Odisha.
Over the 30-year life cycle of the mine lease, the Bikram coal mine in Madhya Pradesh will earn the State ₹166.32 crore while the Brahampuri mine will fetch the State exchequer ₹168.48 crore.
