Ministry of Coal
azadi ka amrit mahotsav

6th Round of Auctions of commercial coal mines receives huge response

Coal Ministry Auctions 29 Coal Mines, having Geological Reserves of 8160 Million Tonnes

Likely to attract Capital Investment of Rs. 11,250 crore

These mines will contribute to more than 7% of country’s coal requirement

Posted On: 09 MAR 2023 6:15PM by PIB Delhi

Ministry of Coal had launched the auctions of coal mines for commercial mining under 6th round and 2nd attempt of 5th round on 3rd November 2023, the biggest tranche of auction of commercial coal mines, which has drawn to a close today. In the auctions held a cumulative 29 coal mines were successfully auctioned. The details of the coal mines auctioned are as under:-

  • 22 coal mines are fully explored coal mines and 7 coal mines are partially explored coal mines
  • The total geological reserves for these 29 coal mines are ~8160 Million Tonnes.
  • Cumulative PRC for these coal mines is 74.96 MTPA (excluding Partially Explored coal mines).

The auctions witnessed a strong competition, with a lot of first-time bidders in this round and an average revenue share of 22.12 %. This is a testament to the continued interest in the coal mining sector and the stable future of coal mining in India.  This also signify that the reforms brought in by the Government in the coal sector through the introduction of commercial coal mining have been well received by the industry.

The mine-wise result for auctions held is as under:

S. No.

Name of the Mine

State

PRC (mtpa)

Geological Reserves (MT)

Closing Bid Submitted by

Final Offer (%)

1

Choritand Tiliaya

Jharkhand

0.78

97.04

Rungta Metals Pvt. Ltd.

11.25%

2

Dongeri Tal-II

Madhya Pradesh

2.90

158.45

Mahavir Coal Resources Private Limited

24.75%

3

Datima

Madhya Pradesh

0.36

13.30

Shree Cement Limited

27.25%

4

Arjuni East

Madhya Pradesh

1.36

106.12

Ultratech Cement Limited

79.25%

5

Arjuni West

Madhya Pradesh

NA

110.17

Ganga Khanij Private Limited

25.25%

6

Baitarni West

Odisha

15.00

1,152.11

Gujarat Mineral Development Corporation Ltd

33.50%

7-8

Banai & Bhalumuda

Chhattisgarh

12.00

1,376.07

JSW Steel Limited

43.00%

9

Binja

Jharkhand

NA

50.00

Assam Mineral Development Corporation Limited

21.25%

10

Burakhap Small Patch

Jharkhand

0.40

9.68

Shreesatya Mines Private Limited

45.50%

11

Burapahar

Odisha

6.00

547.89

Gujarat Mineral Development Corporation Ltd

40.75%

12

Chhendipada (Revised)

Odisha

NA

513.09

Rungta Sons Private Limited

13.00%

13

Dahegaon-Gowari

Maharashtra

0.50

162.79

Ambuja Cements Limited

5.50%

14

Gare Palma Sector - I(East)

Chhattisgarh

15.00

965.00

Jindal Power Limited

9.00%

15-16

Gare Palma Sector IV/2 and Gare Palma Sector IV/3

Chhattisgarh

7.00

186.86

Jindal Power Limited

30.75%

17

Gondbahera Ujheni

Madhya Pradesh

4.12

672.87

MP Natural Resources Private Limited

7.00%

18

Kalambi Kalmeshwar (Western Part)

Maharashtra

NA

47.78

Samlok Industries Private Limited

15.00%

19

Khagra Joydev

West Bengal

3.00

178.26

Orissa Metallurgical Industry Private Limited

5.00%

20

Mandla North

Madhya Pradesh

1.50

195.37

Dalmia Cement (Bharat) Limited

21.00%

21

Marwatola – VI

Madhya Pradesh

1.50

78.997

JSW Cement Limited

42.50%

22

Marwatola – VII

Madhya Pradesh

1.50

188.70

Rama Cement Industries Private Limited

15.50%

23

Namchik Namphuk

Arunachal Pradesh

0.20

14.97

Coal Pulz Private Limited

65.50%

24

North West of Madheri

Maharashtra

NA

200.00

MH Natural Resources Private Limited

5.50%

25

Parbatpur Central

Jharkhand

1.24

234.52

JSW Steel Limited

31.50%

26

Patal East (Eastern Part)

Jharkhand

0.30

35.00

RCR Steel Works Private Limited

6.00%

27

Purunga

Chhattisgarh

NA

260.00

CG Natural Resources Private Limited

5.50%

28

Sakhigopal – B Kankili

Odisha

NA

500.00

Rungta Sons Private Limited

6.50%

29

Sitanala

Jharkhand

0.30

108.85

JSW Steel Ltd.

5%

 

Coal production from these mines would significantly reduce the demand for imported thermal coal and will also reduce dependence on public sector coal mining companies. The commercial coal mine auctions will create value for the society in the form of job creation and infrastructure development in the coal bearing areas and also make a sizeable contribution to the states’ revenues with Annual Revenue generation of ~14,650 crores (excluding Partially Explored coal mines) calculated at PRC of these coal mines. It is expected that these auctions shall result in the capital investment of approximately Rs 11,250 crore and employment generation for 1,00,000 people  approximately.

The monetized value of these mines is Rs. 71,192 Crores exceeding the target set by Ministry of Finance. These mines once operational will contribute to more than 7% of country’s coal requirement.

*****

AKN/RKP



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