HomeNewsIndiaGovt offers 27 coal blocks in fresh round of auction beginning Dec 5

Govt offers 27 coal blocks in fresh round of auction beginning Dec 5

The forthcoming auction offers 27 coal blocks distributed across various states and regions, designed to promote regional economic growth, and create employment opportunities.

December 04, 2024 / 19:31 IST
Govt offers 27 coal blocks in fresh round of auction beginning Dec 5

The government will offer 27 coal blocks across various states as it launches the fresh round of commercial mine auction on Thursday.

Union Minister of coal and mines G Kishan Reddy will launch the 11th round of commercial coal mine auctions on December 5, an official statement said.

The forthcoming auction offers 27 coal blocks distributed across various states and regions, designed to promote regional economic growth, and create employment opportunities.

"In this round, 20 coal mines will be offered for bidding, comprising 10 fully explored and 10 partially explored blocks.

"Additionally, seven coal mines from the second attempt of round 10 will also be on offer, including four fully explored and three partially explored blocks," the coal ministry said.

All these are non-coking coal blocks which are expected to generate annual revenue of approximately Rs 1,446 crore at peak-rated capacity and create around 19,063 employment opportunities.

PTI
first published: Dec 4, 2024 07:30 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
CloseOutskill Genai