"Coal Rush: 12 Winners Secure 5.7 Billion Tonnes in 11th Auction!"

The Ministry of Coal successfully concluded the 11th round of commercial coal mine auctions, which began on December 5, 2024. A total of 12 companies secured mining rights in this round.

Key winners include Jharkhand Exploration and Mining Corporation, Western Coalfields, Jindal Steel and Power, and Innovative Mines and Minerals. Other notable winners are Pra Nuravi Coal Mining, Singhal Business, Jindal Power, and Mineware Advisors.

The auctioned mines—such as Jawardaha North, Dahegaon, Saradhapur Jalatap East, and Namchik East—collectively hold a geological reserve of 5,759.23 million tonnes (MT) and a peak rated capacity (PRC) of 15.46 million tonnes per annum (MTPA), excluding partially explored reserves. These mines are expected to generate an annual revenue of ₹3,330 crore and attract a capital investment of ₹2,319 crore.

Additionally, the projects will create approximately 20,902 jobs, driving economic growth in coal-rich regions. This initiative aims to enhance domestic coal production, reduce import dependency, and strengthen India's energy security.

News by Rahul Yelligetti