Hyderabad (Telangana) [India], Union Minister for Coal and Mines G Kishan Reddy on Friday launched the 10th tranche of commercial coal mine auctions in Hyderabad.
"The Ministry of Coal today launched the tenth tranche of auctions of commercial coal mines and a total of 67 coal mines are being offered. Union Minister of Coal and Mines Shri G. Kishan Reddy launched the tenth tranche of auctions of commercial coal mines in Hyderabad in the presence of Shri Mallu Bhatti Vikramarka, Deputy Chief Minister of Telangana and Shri Satish Chandra Dubey, Minister of State for Coal and Mines," according to a press release from the Ministry of Coal.
These 67 coal mines are spread across the states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, West Bengal and Telangana and include both fully explored and partially explored coking coal mines."The Ministry of Coal has undertaken a series of reforms to ensure that the coal sector grows at a rapid pace and is able to meet the country's energy needs Also for the tenth tranche, mines that are located within protected areas, wildlife sanctuaries, critical habitats, that have forest cover greater than 40%, highly urbanized areas, etc., have been excluded," according to the statement.
The block boundaries of some of the coal mines where there was presence of dense housing, high green cover or critical infrastructure etc. have been revised to improve the attractiveness of the coal mines.
"Addressing the gathering, Union Minister of Coal and Mines Shri G. Kishan Reddy emphasized the critical role of coal as a lifeline for all industries and its vital contribution in achieving a 5 trillion dollar economy," the statement stated.He stressed that all coal entrepreneurs must collaborate for the development of the nation and align with the Prime Minister's vision of making India Aatmanirbhar coal through collective efforts and reducing dependence on coal imports.
"He reiterated the importance of improving domestic coal production for India's economic growth. It is crucial to work to advance the coal sector and our efforts today will make the future brighter. It was also reported that the revenue generated by The coal blocks auctioned are destined for the respective State Government," according to the statement.
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka appreciated the efforts of the Coal Ministry which has been working diligently to make the country self-reliant in the coal sector by significantly reducing foreign imports and producing nearly one billion tonnes (BT) of coal in the latest finances. year meeting the energy needs of the country."The Minister of State for Coal and Mines, Shri Satish Chandra Dubey, assured that he will provide all necessary support to the coal block assignees by improving the ease of doing business. He informed that suggestions are being taken and feedback from coal industry players to enhance the attractiveness of the coal sector, emphasized the importance of the coal mining sector in making India Aatmanirbhar," the statement said.
In his keynote address, Amrit Lal Meena, Secretary, Ministry of Coal, laid special emphasis on improving coal production to meet growing energy demands and stressed that increased production should not compromise the safety of workers, making emphasis on adopting global best practices to ensure a safe work environment. Maintaining high standards of transparency was also a focal point, with an emphasis on adhering to strict environmental sustainability measures to mitigate the impact of coal mining on the ecosystem.
Additionally, he called for strong support at the state level to simplify the ease of doing business within the coal sector. He noted that such support is vital in fostering a conducive business environment that can attract investments and facilitate smoother operations. "Additional Secretary and Designated Authority of the Ministry of Coal, M. Nagaraju, highlighted the need to explore more coal blocks as demand for coal increases. He stressed that leveraging private investment and expertise is crucial to meeting growing energy needs and ensuring stable coal supply to various industries, by opening up more coal blocks for exploration and development. encouraging private participation will help the coal sector achieve higher production targets," according to the statement.
The start of sale of the tender document will start from today i.e. June 21, 2024. Details of the mines, auction terms, schedules, etc. can be accessed. on the MSTC auction platform and the Ministry of Coal website. The auction will be conducted online through a transparent two-stage process, based on revenue share percentage.
"The Ministry of Coal today launched the tenth tranche of auctions of commercial coal mines and a total of 67 coal mines are being offered. Union Minister of Coal and Mines Shri G. Kishan Reddy launched the tenth tranche of auctions of commercial coal mines in Hyderabad in the presence of Shri Mallu Bhatti Vikramarka, Deputy Chief Minister of Telangana and Shri Satish Chandra Dubey, Minister of State for Coal and Mines," according to a press release from the Ministry of Coal.
These 67 coal mines are spread across the states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, West Bengal and Telangana and include both fully explored and partially explored coking coal mines."The Ministry of Coal has undertaken a series of reforms to ensure that the coal sector grows at a rapid pace and is able to meet the country's energy needs Also for the tenth tranche, mines that are located within protected areas, wildlife sanctuaries, critical habitats, that have forest cover greater than 40%, highly urbanized areas, etc., have been excluded," according to the statement.
The block boundaries of some of the coal mines where there was presence of dense housing, high green cover or critical infrastructure etc. have been revised to improve the attractiveness of the coal mines.
"Addressing the gathering, Union Minister of Coal and Mines Shri G. Kishan Reddy emphasized the critical role of coal as a lifeline for all industries and its vital contribution in achieving a 5 trillion dollar economy," the statement stated.He stressed that all coal entrepreneurs must collaborate for the development of the nation and align with the Prime Minister's vision of making India Aatmanirbhar coal through collective efforts and reducing dependence on coal imports.
"He reiterated the importance of improving domestic coal production for India's economic growth. It is crucial to work to advance the coal sector and our efforts today will make the future brighter. It was also reported that the revenue generated by The coal blocks auctioned are destined for the respective State Government," according to the statement.
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka appreciated the efforts of the Coal Ministry which has been working diligently to make the country self-reliant in the coal sector by significantly reducing foreign imports and producing nearly one billion tonnes (BT) of coal in the latest finances. year meeting the energy needs of the country."The Minister of State for Coal and Mines, Shri Satish Chandra Dubey, assured that he will provide all necessary support to the coal block assignees by improving the ease of doing business. He informed that suggestions are being taken and feedback from coal industry players to enhance the attractiveness of the coal sector, emphasized the importance of the coal mining sector in making India Aatmanirbhar," the statement said.
In his keynote address, Amrit Lal Meena, Secretary, Ministry of Coal, laid special emphasis on improving coal production to meet growing energy demands and stressed that increased production should not compromise the safety of workers, making emphasis on adopting global best practices to ensure a safe work environment. Maintaining high standards of transparency was also a focal point, with an emphasis on adhering to strict environmental sustainability measures to mitigate the impact of coal mining on the ecosystem.
Additionally, he called for strong support at the state level to simplify the ease of doing business within the coal sector. He noted that such support is vital in fostering a conducive business environment that can attract investments and facilitate smoother operations. "Additional Secretary and Designated Authority of the Ministry of Coal, M. Nagaraju, highlighted the need to explore more coal blocks as demand for coal increases. He stressed that leveraging private investment and expertise is crucial to meeting growing energy needs and ensuring stable coal supply to various industries, by opening up more coal blocks for exploration and development. encouraging private participation will help the coal sector achieve higher production targets," according to the statement.
The start of sale of the tender document will start from today i.e. June 21, 2024. Details of the mines, auction terms, schedules, etc. can be accessed. on the MSTC auction platform and the Ministry of Coal website. The auction will be conducted online through a transparent two-stage process, based on revenue share percentage.
