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March 24, 2025 8:10 PM

Govt auctions 12 coal mines, projected to yield annual revenue of ₹3,330 crore

The Ministry of Coal has successfully auctioned 12 coal mines, including eight fully explored and four partially explored mines across five states, according to an official statement issued on Monday. The newly auctioned mines are expected to generate an annual revenue of ₹3,330 crore (excluding partially explored mines) and attract a capital investment of approximately ₹2,319 crore. Additionally, these mines are projected to create 20,902 employment opportunities, significantly contributin...

December 19, 2024 4:43 PM

India’s coal imports decline amid surge in domestic production

India’s coal imports dropped by 3.1% during the April-October period of FY 2024-25, falling to 149.39 million tonnes (MT) from 154.17 MT in the same period last year, according to a statement released by the Ministry of Coal on Thursday. The non-regulated sector (excluding power) saw an even sharper decline in imports, registering an 8.8% decrease during the same period. Despite a 3.87% growth in coal-based power generation between April and October 2024 compared to the previous year, import...

November 27, 2024 3:37 PM

Centre completes auction of 9 coal mines, to yield Rs 1,446 crore annual revenue

The Ministry of Coal announced on Wednesday that it has successfully auctioned 9 mines as part of the 10th round of commercial coal mine auctions. These mines are expected to generate an annual revenue of around Rs 1,446 crore (excluding partially explored mines). They are also likely to attract a capital investment of around Rs 2,115 crore and create 19,063 employment opportunities, the ministry said. The nine mines hold a combined geological reserve of approximately 3,998.73 million tonnes. ...

September 16, 2024 6:07 PM

Coal production up by 35 per cent in first quarter of the current fiscal

India's coal sector has reported significant growth in both production and dispatch during the first quarter of the financial year 2024-25, according to figures released by the Ministry of Coal on July 3. Coal production surged by 35 percent year-on-year, rising from 29.26 million tonnes (MT) in Q1 FY24 to 39.53 MT in Q1 FY25. Coal dispatch also saw a robust growth of 34.25 percent, increasing from 34.07 MT to 45.68 MT over the same period. The power sector emerged as a key contributor to this...

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