Business News7 Coal Blocks Auctioned; Over 7,000 Jobs to Be Created

7 Coal Blocks Auctioned; Over 7,000 Jobs to Be Created

The Coal Ministry announced the successful auction of seven coal blocks—three fully explored and four partially explored—during the 12th round of commercial mining held from July 28 to 31.

These blocks, with a combined geological reserve of 1,761.49 million tonnes and a Peak Rated Capacity of 5.25 MTPA (excluding partially explored ones), are expected to generate ₹719.90 crore in annual revenue, attract ₹787.50 crore in capital investment, and create 7,098 jobs. The auctions saw strong competition, achieving an average revenue share of 26.70%.

Since the launch of commercial coal mining in 2020, 131 coal blocks have been auctioned, with a projected annual production capacity of 277.31 million tonnes.

Once operational, these blocks are expected to contribute ₹39,359 crore in annual revenue, ₹41,597 crore in investment, and employment for over 3.74 lakh people. India’s coal production has already surpassed 1 billion tonnes in FY 2024–25, and Coal India Ltd aims to cross the 1 billion tonne mark by 2026–27, reinforcing the country’s push for self-reliance in coal supply.

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