In the opening day of the 10th round of the commercial coal mine auction, five companies, including ACC Ltd, NLC India, and JSW Energy Utkal Ltd, secured five coal blocks. ACC bagged a mine in Madhya Pradesh, while NLC India and JSW Energy Utkal each secured a block in Odisha. Two other companies, Mineware Advisors and Shreeji Nuravi Coal Mining, also won blocks.

The five blocks have a total geological reserve of 2,630.77 million tonnes and will yield an annual revenue of Rs 1,106.91 crore once operational. These mines will require a capital investment of Rs 1,800 crore and are expected to provide jobs for 16,224 people. The ongoing auction is expected to significantly boost the country’s coal mining industry, with a cumulative peak-rated capacity of 12 MTPA for these blocks.