These five states are set to garner Rs 7,000 crore from coal auction

NEW DELHI: India’s first ever commercial coal auction is expected to generate about Rs 7,000 crore annually for five states of Jharkhand, Madhya Pradesh, Odisha, Chhattigarh and Maharashtra, coal minister Pralhad Joshi said on Monday. The maximum revenue is expected to be earned by the Jharkhand government, which moved the Supreme Court against holding of the coal mines auction by the central government. The Jharkhand government will garner Rs 2,690 crore, followed Madhya Pradesh government (Rs 1,724 crore), Odisha (Rs 1,059 crore) , Chhattisgarh (Rs 842 crore) and Maharashtra (Rs 321 crore).