Coal Ministry completes 7th Tranche of Coal Block Auctions Successfully

The Ministry of Coal has successfully completed the auction of coal mines for Commercial Mining under 7th round and second attempt of 6th round.

After assessment of bids, the forward e-auctions for six mines had commenced from August 1, 2023 culminating in the successful auction of all six mines on 3rd August, 2023.

The details of the coal mines auctioned are as under: –

Among the mines auctioned, two coal mines are fully explored while four are partially explored.
The total geological reserve for these six coal mines is at 2,105.74 Million Tonnes.
The cumulative Peak Rated Capacity (PRC) for these coal mines is 7 MTPA, (excluding the partially explored coal mines.)
The average revenue share has shown an upward trend, increasing from 22.12% in the previous tranche to 23.71%.This higher revenue share indicates a strong and continued interest from industry players and investors in the commercial coal mining sector and stable future of coal mining in India. This also signifies the success of the reforms introduced by the Government in the coal sector through the introduction of commercial coal mining.