A total of 12 mines were successfully auctioned on December 5, 2024, out of the 27 blocks offered. The winning bidders include Jharkhand Exploration and Mining Corporation, Rungta Sons, Jindal Power, New Era Cleantech Solution, and Innovative Mines and Minerals.

Key Auction Highlights Geological reserves: 5,759.23 million tonnes

Peak Rated Capacity: 15.46 million tonnes per annum (excluding partially explored mines)

Average revenue share: 36.27%

Economic Impact The newly auctioned mines are expected to generate ?3,330 crore in annual revenue and attract a capital investment of ?2,319 crore. They are also projected to create 20,902 jobs, boosting economic activity in coal-rich regions.

Since the launch of commercial coal mining in 2020, 125 mines have been auctioned, with a combined production capacity of 273.06 mtpa. Once fully operational, these mines will generate ?38,767 crore in annual revenue, attract ?40,960 crore in investments, and create 4.69 lakh jobs.

Coal Production Growth India’s commercial coal production has surged, with FY25 production reaching 22.35 mt, marking a 78.14% growth over FY24’s 12.55 mt. This expansion is set to enhance domestic coal output and strengthen India’s energy security.