These steel PSUs get two coking coal mines
National Mineral Development Corporation (NMDC) and Rashtriya Ispat Nigam Limited (RINL) get Rohne and Rabodih coking coal mines located in Jharkhand are expected to add 10 MT per annum to the total coking coal production in the country
December 14, 2019
The Ministry of Coal has allotted two coking coal mines, Rohne and Rabodih, to the Steel Central Public Sector Enterprises (CPSEs). Allocated under the Coal Mines (Special Provision) Act, 2015, these mines located in Jharkhand will add about more than 10 MT per annum and boost the coking coal production in the country. This is a significant step towards reducing the dependence of the Steel Industry on imported coal.
Rohne and Robodih coal mines
The ‘Rohne’ Coal Mine has been allotted to National Mineral Development Corporation
Limited for sale of coal and will also serve the purpose of captive use of coking coal to NMDC’s upcoming steel plant at Nagarnar.
The ‘Robodih OCP’ coal mine has been allotted to Rashtriya Ispat Nigam Limited
for captive use of production of Iron & Steel.
These mines will, over their lifetime, generate about Rs 7000 crore revenue for the state government, besides royalties and other applicable taxes. Both NMDC and RINL would set up their washeries for washing coal.
These coking coal mines will generate about Rs 7000 crore revenue for the state government, besides royalties and other applicable taxes
This allotment is in addition to 5 coal mines which have been allocated to successful bidders and 6 coal mines which have allotted to Public Sector Undertakings. In all, the 13 mines will add more than 35 MT per annum coal to the domestic availability of coal. Apart from the royalties and applicable taxes, the mines are slated to generate about Rs 31000 crore revenue over their lifetime for state governments.