The Ministry of Coal has lately signed development and production agreements for three coal mines auctioned under the second attempt of the seventh round. An official statement from the ministry read, “The Ministry of Coal today successfully executed Coal Mining Development and Production Agreements for three coal mines auctioned under the Second Attempt of the 7th Round. This event marks a significant milestone in the success of commercial coal mining. Among the three mines, two are partially explored, while one is fully explored.”
The three concerned mines are:
- Machhakata (Revised) coal mine;
- Kudanali Lubri coal mine; and,
- Sakhigopal-B Kakurhi coal mine.
According to the ministry, the estimated annual revenue generation under commercial auction from these three mines is approximately Rs 2,991.20 crore, based on production at an aggregated Peak Rate Capacity of around 30.00 MTPA. Once operational, these mines are projected to create approximately 40,560 direct and indirect employments. Additionally, a total investment of around Rs 4,500 crore will be allocated to bring these coal mines into operation.
The ministry has observed that such crucial developments represent a significant step toward achieving Atmanirbharta (self-reliance) in the coal sector, contributing to economic growth, employment generation, and ensuring the energy security of the nation.
