Coal Mines Allocation Orders in India Generate Employment and Capital Investment
Significant Allocation Orders for Coal Mines
The Ministry of Coal on Thursday issued allocation orders for three coal mines namely Machhakata (Revised), Kudanali Lubri, and Sakhigopal-B Kakurhi, to NLC India Limited, Gujarat Mineral Development Corporation Limited, and TANGEDCO respectively. Of these, one is fully explored, while two are partially explored coal mines.
Capacity and Geological Reserves
The cumulative Peak Rated Capacity (PRC) of these mines is 30.00 MTPA, encompassing geological reserves of 2,194.10 MT. This allocation is projected to generate an annual revenue of Rs. 2,991.20 crores, alongside a capital investment of Rs. 4,500 crores.
Impact on Employment
These coal mines are anticipated to provide employment to approximately 40,560 people, both directly and indirectly, as stated by the Ministry of Coal. With these latest orders, a total of 95 coal mines have been allocated, resulting in cumulative PRC of 202.50 MTPA and creating around 2,73,773 jobs.
Production Increase
The country’s coal production surged by 6.48%, reaching 384.08 million tonnes (MT) in the first five months of the fiscal year. Coal India Limited (CIL), which represents over 80% of domestic coal output, reported an increase to 290.39 MT for the same period, showcasing a year-on-year growth of 3.17%.
Coal Dispatch and Foreseeable Benefits
- Cumulative coal dispatch up to August is 412.07 MT, versus 391.93 MT in FY24.
- Capacity from captive and other entities grew to 68.99 MT.
Embrace this new opportunity as the coal industry in India demonstrates resilience and growth potential.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.