Coal Mine Auction: ACC, NLC India, JSW Win 5 Blocks
By Rediff Money Desk, New Delhi Nov 21, 2024 19:30
ACC, NLC India, JSW Energy Utkal Ltd, Mineware Advisors Pvt Ltd, and Shreeji Nuravi Coal Mining and Trading Pvt Ltd won five coal mines in the 10th round of auction. The mines are located in Madhya Pradesh and Odisha, with total geological reserves of 2,630.77 million tonnes.
New Delhi, Nov 21 (PTI) NLC India Ltd, ACC Ltd, and JSW Energy Utkal Ltd are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction, according to an official statement issued on Thursday.
While ACC Ltd bagged a coal mine in Madhya Pradesh, NLC India Ltd and JSW Energy Utkal Ltd won one block each in Odisha.
Two other companies that won coal blocks are Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd.
A total of nine blocks been put on sale in the tenth round of auction.
"On the first day, five coal mines were put up for auction," the statement issued by the coal ministry said.
One of the five coal mines is fully explored while four are partially explored.
The total geological reserves for these five coal mines are 2,630.77 million tonnes. Cumulative Peak Rated Capacity for these blocks is 12 MTPA.
The government launched the auction of coal mines for commercial mining under the tenth round on June 21.
"After evaluation of bids, forward e-auctions for nine mines commenced from November 21," it said.
These five mines upon operationalisation will generate an annual revenue of Rs 1,106.91 crore. These mines will attract capital investment of Rs 1,800 crore and will provide employment to 16,224 people.
While ACC Ltd bagged a coal mine in Madhya Pradesh, NLC India Ltd and JSW Energy Utkal Ltd won one block each in Odisha.
Two other companies that won coal blocks are Mineware Advisors Pvt Ltd and Shreeji Nuravi Coal Mining and Trading Pvt Ltd.
A total of nine blocks been put on sale in the tenth round of auction.
"On the first day, five coal mines were put up for auction," the statement issued by the coal ministry said.
One of the five coal mines is fully explored while four are partially explored.
The total geological reserves for these five coal mines are 2,630.77 million tonnes. Cumulative Peak Rated Capacity for these blocks is 12 MTPA.
The government launched the auction of coal mines for commercial mining under the tenth round on June 21.
"After evaluation of bids, forward e-auctions for nine mines commenced from November 21," it said.
These five mines upon operationalisation will generate an annual revenue of Rs 1,106.91 crore. These mines will attract capital investment of Rs 1,800 crore and will provide employment to 16,224 people.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 6.67 ( -3.61)
- 72559040
- Srestha Finvest
- 0.63 (+ 1.61)
- 31651775
- Suzlon Energy Ltd.
- 65.15 ( -0.47)
- 15879230
- AvanceTechnologies
- 0.93 ( -2.11)
- 12473834
- Thinkink Picturez
- 2.44 ( -20.00)
- 12405311
MORE NEWS
Binny Bansal Exits PhonePe Board: Fintech...
Flipkart co-founder Binny Bansal steps down from PhonePe board, replaced by Manish...
Sebi Proposes Diversifying Clearing Corporation...
Sebi proposes diversifying ownership of clearing corporations, currently wholly-owned...
Pharma Companies Invest in Telangana Pharma City
Six pharma companies, including Dr Reddy's Laboratories, Aurobindo Pharma, and Hetero...