New Delhi: The Ministry of Coal has successfully executed Coal Mining Development and Production Agreements for three coal mines auctioned under the Second Attempt of the 7th Round. This significant achievement marks a milestone in the progress of commercial coal mining in India. Among the three mines, two are partially explored, while one is fully explored.
The agreements were executed for the Machhakata (Revised) coal mine, Kudanali Lubri coal mine, and Sakhigopal-B Kakurhi coal mine. The successful bidders are NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited, respectively.
The estimated annual revenue generation from these three mines is approximately ₹2,991.20 crores, 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 jobs. Additionally, a total investment of around ₹4,500 crores will be allocated to bring these coal mines into operation.
This initiative represents a significant step towards achieving Atmanirbharta (self-reliance) in the coal sector, contributing to economic growth, employment generation, and ensuring the energy security of the nation. The successful execution of these agreements underlines the government’s commitment to promoting commercial coal mining, enhancing domestic coal production, and reducing dependency on coal imports.
In a statement, the Ministry of Coal emphasized the strategic importance of these agreements, noting that they will play a crucial role in bolstering India’s coal production capacity and ensuring a steady supply of coal to meet the country’s growing energy demands. This move aligns with the broader vision of fostering self-reliance and supporting sustainable economic development through efficient resource utilization.