New Delhi: Orissa Alloy Steel Private Limited bagged a coal block that was up for grabs in the 10th round of the commercial coal mine auction. The Kerendari – BC North coal block is situated in Jharkhand and has geological reserves of 600 Million Tonnes (MT). It is a partially explored block which has been secured by Orissa Alloy Steel at a revenue share of 23.25 percent.
“Ministry of Coal had launched the auction of coal blocks for commercial mining under 10th round on June 21, 2024. After evaluation of bids, forward e-auction for nine blocks commenced on 21.11.2024. On the third day, one coal block was put up for auction. The coal block is a partially explored coal block. The total geological reserves for the coal block are 600 million tonnes,” said the Ministry of Coal on Monday.
Separately, commercial coal mines achieved their highest-ever single-day dispatch of 0.617 MT on November 24. “This represents a remarkable 36 percent growth compared to the dispatch of 0.453 MT on the same day last year, demonstrating the sector’s robust growth under the Atmanirbhar Bharat initiative and marks a significant stride towards realising the Viksit Bharat vision,” said the Ministry of Coal in a statement.
The record despatch comprised 0.536 MT to the power sector and 0.081 MT to the non-power sector, showcasing the robust performance across multiple sectors of the economy. The monthly progressive dispatch has reached 12.810 MT, with a substantial year-to-date dispatch of 116.373 MT, highlighting the sustained growth in coal production and distribution.
“This unprecedented achievement reflects the transformative impact of commercial coal mining reforms under the Atmanirbhar Bharat initiative, and the record dispatch not only strengthens our energy security but also accelerates our progress towards becoming a developed nation by 2047, as envisioned under Viksit Bharat,” said the ministry.
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