The Union coal ministry issued allocation orders for three coal mines on September 5, namely Machhakata (Revised), Kudanali Lubri and Sakhigopal-B Kakurhi. The allocated mines are expected to generate an annual revenue of Rs. 2,991.2 crores calculated on the basis of PRC ( and will attract Capital Investment of Rs. 4,500 crores, according to the statement issued by the ministry on September 5.
The successful bidders are NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited, respectively, according to a statement from the ministry issued on July 15.
Of these three coal mines, one is fully explored and two are partially explored coal mines, according to the statement. While Machhakata (Revised) coal mine was allocated to NLC India Limited, Kudanali Lubri went to Gujarat Mineral Development Corporation Limited, and Sakhigopal-B Kakurhi was allocated to TANGEDCO, the release added.
The cumulative Peak Rated Capacity (PRC) of the three coal mines for which Vesting Orders have been issued is ~ 30.00 million tonnes per annum (MTPA) and are having ~2,194.10 MT of Geological Reserves, the ministry said in a statement on September 5. It will provide employment to approximately 40,560 people both directly and indirectly.
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