January 2016 \ News \ business and governance
Coal block auction

According to Shri Piyush Goyal, Minister of State (IC) for Power, Coal, and New and Renewable Energy, the Central Government has successfully auctioned 31 Coal Mines under the provisions of the Coal Mines (Special Provisions) Act, 2015.

  • Mr Piyush Goyal

The Minister stated that revenue which would accrue to the coal bearing State Government concerned comprises of upfront payment as prescribed in the tender document, auction proceeds and royalty on per tonne of coal production. State wise and mine wise details of total amount received by the Central Government till October, 2015 from the coal mines auctioned under the provisions of the Coal Mines (Special Provisions) Act, 2015 is given:-

Coal India Limited (CIL) has informed that the following steps have been taken to increase the production: Mines / projects to produce about 908.10 MT in 2019-20 have already been identified and further plans to augment production up to 1,000 MT are being developed. A report has been prepared for assessment of the need for up-gradation of technology presently under practice in CIL mines and scope of further modernization.

In order to maintain the planned growth in production and evacuation in future, CIL has undertaken three major Railway infrastructure projects to be executed by Indian Railways in growing coalfields of South Eastern Coalfields Limited, Mahanadi Coalfields Limited, and Central Coalfields Limited.

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