New Delhi: Western Coalfields, a subsidiary of Coal India, along with Jindal Steel and Power and Jindal Power, are among the companies that won coal blocks in the latest auction for commercial mining. The 11th round of auctions started on December 5, offering 12 mines with a total peak capacity of 15.46 million tonnes per year, excluding partially explored mines.
Western Coalfields secured the Dahegaon/Makardhokra-IV block in Maharashtra. Jindal Steel placed the highest bid for the Saradhapur Jalatap East block in Odisha, while Jindal Power won the Banai and Bhalumunda block. Other companies that received coal blocks include Singhal Business, Jharkhand Exploration and Mining Corp, and Rungta Sons. The auction saw strong competition, with an average revenue share of 36.27%, showing high industry interest in India’s coal sector, according to the ministry.
The awarded mines are expected to generate yearly revenues of ₹3,330 crore, excluding partially explored mines. They will also require a capital investment of around ₹2,319 crore. These projects will help boost coal production and support industries that depend on coal for energy and manufacturing.
Coal Mining Auction: Western Coalfields, Jindal Among Top Bidders
