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New Delhi, July 15, 2024: Ministry of Coal today executed coal mining development and production agreements for three coal mines in Odisha’s Angul district, which were 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, Coal Ministry sources said.
The mines for which agreements were executed are Machhakata (Revised) coal mine, Kudanali Lubri coal mine and Sakhigopal-B Kakurhi coal mine, all located in Angul district of Odisha.
The successful bidders are NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited, respectively.
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.
