New Delhi, August 1 (HS): The Ministry of Coal auctioned seven coal blocks in the 12th round for commercial mining from July 28 to July 31, comprising three fully explored and four partially explored blocks, with a total geological reserve of approximately 1,761.49 million tons. The auction, which began on March 27, achieved an average revenue share of 26.70 percent and is projected to generate around ₹719.90 crore annually from the fully explored blocks alone.alone

Additionally, these blocks have the potential to attract ₹787.50 crore in capital investment and create 7,098 job opportunities. Since 2020, when commercial coal mining commenced in India, a cumulative total of 131 coal blocks has been auctioned, with a production capacity of 277.31 million tons per year.

Once operational, these projects are expected to significantly enhance domestic coal production, bolstering self-reliance in the sector, alongside generating an annual revenue of ₹39,359 crore, attracting ₹41,597 crore in investment, and providing 374,916 jobs in coal-producing regions.

Hindusthan Samachar / Jun Sarkar