New Delhi: Coal Ministry issued allocation orders for three more coal mines on Tuesday under the commercial mining, said the ministry in a statement. "With the allocation of these coal mines, allocation orders have been issued for 48 coal mines so far with cumulative PRC of 89 MTPA under commercial mining," it added.
The statement added that representatives of successful bidder received allocation orders from Additional Secretary (MoC) and Nominated Authority, M Nagaraju.
"During his address, he emphasised on participation of private sector for contributing towards energy security," said the ministry in the statement. "He also requested successful bidders to complete development of coal mine as per efficiency parameters," it added.
"The cumulative production capacity of these three coal mines comes to 3.7 million tonne per annum (MTPA) and their geological reserves accounts for 156.57 MT. These mines are expected to generate an annual revenue of Rs 408 crores and will attract capital investment of Rs 550 crores. It will provide employment to 5,000 people," said the statement.
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