HomeSteel & CommoditiesCoal Ministry Issues Allocation Orders to three Coal Mines

Coal Ministry Issues Allocation Orders to three Coal Mines

Published on

48 Orders issued so far under Commercial Mining

The Ministry of Coal has recently issued allocation Orders for three more coal mines under the commercial coal mining.

Representatives of successful bidders received allocation orders from Additional Secretary (MoC) & Nominated Authority, Mr. M. Nagaraju stated in an official release from the ministry of coal.

During his address Additional Secretary & Nominated Authority emphasized on participation of the private sector for contributing towards energy security. He also requested successful bidders to complete development of the coal mine as per efficiency parameters. The cumulative production capacity of these three coal mines comes to 3.7 Million Ton per annum (MTPA) and Geological Reserves of 156.57 MT.

These mines are expected to generate an annual Revenue of Rs. 408 crores and will attract Capital Investment of Rs. 550 crores. It will provide employment to 5000 people, said the release. With the allocation of these coal mines, allocation orders have been issued for 48 coal mines so far with cumulative PRC(peak rate capacity) of 89 MTPA under commercial mining.

spot_img

Latest articles

LG Electronics starts work on USD 600 million Sri City unit

South Korean multinational LG Electronics along with its senior leadership today performed the ground...

VPA urged to explore opportunities in Shipbuilding, repair & recycling

India’s Minister of State for Ports, Shipping and Waterways, Government of India, Mr Shantanu Thakur today...

GoAP gives a mega boost to skilling, inks 2 key MoUs

In a move that could well provide a much needed impetus to technology skills...

AP to take the lead in Quantum Computing, inks MoUs with IBM, TCS, L&T

In a step toward accelerating India’s technological advancements, the Government of Andhra Pradesh has...