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Coal Ministry issues vesting orders for 22 coal mines
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Coal Ministry issues vesting orders for 22 coal mines

India Blooms News Service | @indiablooms | 08 Jun 2023, 10:28 pm

New Delhi: The coal ministry issued vesting orders for 22 coal mines to successful bidders of coal blocks under a commercial coal mine auction here on Thursday.

Out of the 22 coal mines, eleven mines are under Coal Mines (Special Provisions) Act, 2015 and the rest comes under Mines & Minerals (Development and Regulation) Act,1957.

Sixteen coal mines are fully explored mines while six mines are partially explored.

The cumulative peak rated capacity (PRC) of 22 coal mines is 53 million tonne per annum (MTPA) and having approximately 6,379.78 million tonne (MT) of Geological Reserves.

These mines are expected to generate an annual revenue of Rs. 9,831 crores and will attract Capital Investment of Rs. 7,929 crores.

It will provide employment to about 71,467 people both directly and indirectly.

“With the vesting of these 22 coal mines, Ministry of Coal had issued vesting orders for a total of 73 coal mines under commercial auctions till date with cumulative PRC of 149.304 MTPA,” the coal ministry said in a statement.

This will result in the generation of an annual revenue of Rs 23,097.64 crores to the state governments and will generate employment opportunities to 2,01,847 people, both directly and indirectly, it added.