Team News Riveting
New Delhi, June 8
The Nominated Authority, Ministry of Coal has issued Vesting Orders for 22 coal mines to successful bidders of coal blocks under commercial coal mine auction here today.
Out of the 22 coal mines, eleven mines are under Coal Mines (Special Provisions) Act, 2015 and the rest comes under Mines & Minerals (Development and Regulation) Act,1957. Sixteen coal mines are fully explored mines while six mines are partially explored ones.
With the vesting of these 22 coal mines, Ministry of Coal had issued vesting orders for a total of 73 coal mines under commercial auctions till date with cumulative PRC of 149.304 MTPA.
This will result in generation of Annual Revenue of Rs 23,097.64 crore to the State Governments and will generate employment opportunity to 2,01,847 people, both directly and indirectly.
