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Coal Ministry Allocates Three Mines to NLC India, GMDC, and TANGEDCO

By: Editorial Desk

by Editorial Desk
September 6, 2024
in Governance
Reading Time: 1 min read
Coal Ministry Allocates Three Mines to NLC India, GMDC, and TANGEDCO

Coal Ministry Allocates Three Mines to NLC India, GMDC, and TANGEDCO

Summarize with:

New Delhi: The Ministry of Coal has allocated three coal mines—Machhakata (Revised), Kudanali Lubri, and Sakhigopal-B Kakurhi—to NLC India Limited, Gujarat Mineral Development Corporation (GMDC), and TANGEDCO. These mines have a combined Peak Rated Capacity (PRC) of 30 MTPA and hold geological reserves of 2,194.10 MT.

One mine is fully explored, while the other two are partially explored. The mines are projected to generate an annual revenue of ₹2,991.20 crore and attract a capital investment of ₹4,500 crore. They are also expected to create employment for approximately 40,560 people directly and indirectly.

This allocation is part of a larger initiative by the Coal Ministry, which has recently issued vesting orders for 95 coal mines. These mines have a cumulative PRC of 202.50 MTPA and are expected to generate ₹29,516.84 crore in annual revenue while employing 2,73,773 people.

The newly allocated mines are set to play a key role in boosting India’s coal production and supporting the country’s energy needs.

Also Read –
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Summarize with:
Tags: Coal Ministry Allocates Three MinesGMDCGujarat Mineral Development CorporationNLC IndiaSakhigopal-B KakurhiTANGEDCO
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