DVC wins 3 coal blocks in 13th commercial coal mine auction 
News Updates

DVC wins 3 coal blocks in 13th commercial coal mine auction

State-owned DVC has emerged as highest bidder for three coal blocks, said the Ministry of Coal

PSU Watch Bureau

New Delhi: Under the 13th round of commercial coal-mine auctions, Damodar Valley Corporation (DVC) has emerged as highest bidder for three fully explored coal blocks — two in Jharkhand (Pirpainti Barahat coal block and Dhulia North coal block) and one in Odisha (Mandakini‑B coal block), the Ministry of Coal said in a statement.

PSU Watch is now on Whatsapp Channels. Click here to join

Three blocks add over 3,300 MT reserves, large production capacity

Together, the three blocks carry geological reserves of about 3,306.58 million tonnes and a combined Peak Rated Capacity (PRC) of 49 million tonnes per annum (MTPA).

According to the ministry, two of the blocks — Pirpainti Barahat and Dhulia North — are in Jharkhand, while Mandakini-B is in Odisha. The largest among these blocks is Mandakini-B, which has geological reserves of 1,326.77 MT, followed by Dhulia North which has 1,181.25 MT and Pirpainti Barahat at 798.56 MT. DVC offered 5.50 percent revenue sharing for Pirpainti and Dhulia and 12.75 percent for Mandakini-B.

Captive supply key for DVC’s future power-demand strategy

Last week, DVC Chairman S Suresh Kumar said the company aims to meet its own coal demand through captive mines over the next three years — and winning these blocks aligns with that ambition.

With this acquisition, DVC is positioned to secure long-term fuel supply for its power plants — potentially strengthening energy security and reducing coal-procurement dependency for the PSU.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Noida International Airport gets BCAS nod for aerodrome safety plan

India’s peak power demand nears 256 GW as heatwave drives cooling appliance use

China supplies over 30% of India's industrial goods; overdependence on single nation critical: GTRI

Ratlam rail division saves Rs 1.84 crore on power bills through solar energy generation

Stock markets open lower amid surging oil prices, foreign fund outflows