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Coal Ministry Signs Agreements for Three Coal Mines

in Business July 15, 2024 Comments Off on Coal Ministry Signs Agreements for Three Coal Mines 301 Views

Newdelhi:15/7/24:The Ministry of Coal today successfully executed Coal Mining Development and Production Agreements for three coal mines auctioned under the Second Attempt of the 7th Round. This event marks a significant milestone in success of commercial coal mining. Among the three mines, two are partially explored, while one is fully explored.

The mines for which agreements were executed are Machhakata (Revised) coal mine, Kudanali Lubri coal mine, and Sakhigopal-B Kakurhi coal mine. The successful bidders are NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited, respectively. This initiative represents a significant step toward achieving Atmanirbharta (self-reliance) in the coal sector, contributing to economic growth, employment generation, and ensuring the energy security of the nation.

The estimated annual revenue generation under commercial auction from these three mines is approximately ₹2,991.20 crores, based on production at an aggregated Peak Rate Capacity of around 30.00 MTPA. Once operational, these mines are projected to create approximately 40,560 direct and indirect employments. Additionally, a total investment of around ₹4,500 crores will be allocated to bring these coal mines into operation.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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