Bhubaneswar: Four coal mines from Odisha are among 10 in the country auctioned by the Coal Ministry this week.
From RS 2858.20 Crore, the annual income projected from the latest auction, RS 2228.57 Crore is estimated to come from four mines in Odisha.
Because all income is produced after the allocation of coal mines increases to coal bearing countries, Odisha will get the number of coal mines so production begins, said a government official.
A statement issued by the Coal Ministry on Saturday said, Meanakashi and MeNakashi C beams next to Bankhui explored in part in Odisha are among the 10 auctions in the third tranche this week, taking a total of coal blocks carried out so far after reform in this sector Up to 42.
While Yazdani Steel and Power Limited Bankhui bag (800 million tons), Mahanadi Mine and Private Mineral Limited took seeds ((327.05 MT).
Meenakshi goes to Hindalco Industries Limited (285.23 MT).
Jindal steel & Power Limited Gets Utkal C with Geological Reserves 196,347 Mt.
The Coal Ministry imagines capital investment of Rs 3,094.50 Crore in these four coal blocks and projects the potential of work for 27,892 people.
Among the 32 coal mines being auctioned earlier, four have annual production.
Capacity 21.6 MT Located in Odisha, Minister of Coal Pralhad Joshi told Lok Sabha in a reply Ertulis earlier this month.
The government has received Rs 73 7.51 Crore as payment upfront from the fourth allocation of this coal block which has been transferred to the state government, Joshi said in response to the question by BJD MP Mahesh Sahoo in February 2.
The number of advances is based on the estimated value of the geological reserve.