Coal Ministry Allocates Three Mines, Secures ₹4,500 Cr Investment

The Ministry of Coal has allocated three commercial coal mines, set to generate ₹2,991 crore in annual revenue and attract an investment of ₹4,500 crore. This move is also expected to create over 40,000 jobs, boosting both direct and indirect employment.

The three allocated mines—Machhakata (Revised), Kudanali Lubri, and Sakhigopal-B Kakurhi—were awarded to NLC India, Gujarat Mineral Development Corporation (GMDC), and Tamil Nadu Generation and Distribution Corporation (TANGEDCO), respectively. These allocations are part of the government’s efforts to enhance coal production and ensure a steady supply for industries.

With a combined peak rated capacity of 30 million tonnes per annum (tpa) and geological reserves totaling approximately 2,194 million tonnes, these mines represent a significant step forward in India’s energy security strategy. The Ministry has now issued vesting or allocation orders for 95 mines, underscoring its commitment to expanding the coal sector.

The allocations are anticipated to play a critical role in meeting the growing energy demands of the country while also contributing to economic growth through job creation and increased industrial activity.

This initiative is part of a broader push to revitalize India’s coal industry, ensuring it remains a key contributor to the nation’s energy mix and industrial development.

News by Rahul Yelligetti