Coal Ministry issues Allocation Orders for 3 Commercial Coal Mines
Published: Sep 06, 2024
By TIOLCorplaws News Service
NEW DELHI, SEP 06, 2024: THE Ministry of Coal yesterday issued Allocation Orders for 03 Coal Mines namely Machhakata (Revised), Kudanali Lubri and Sakhigopal-B Kakurhi, to NLC India Limited, Gujarat Mineral Development Corporation Limited and TANGEDCO respectively. Of these three coal mines, one is fully explored coal mine and two are partially explored coal mines.
The cumulative Peak Rated Capacity (PRC) of the three coal mines for which Vesting Orders have been issued is ~ 30.00 MTPA and are having ~2,194.10 MT of Geological Reserves. These mines are expected to generate an Annual Revenue of ~Rs. 2,991.20 crores calculated on the basis of PRC and will attract Capital Investment of ~Rs. 4,500 crores. It will provide employment to approximately 40,560 people both directly and indirectly.
Including three coal mines for which orders were issued yesterday, vesting/ allocation orders have been issued for a total of 95 coal mines till date with cumulative PRC of ~202.50 MTPA. This will result in generating Annual Revenue of ~Rs. 29,516.84 crores calculated on the basis of PRC of the mines and will generate employment for 2,73,773 people both directly and indirectly.
