NEW DELHI: In a significant advancement towards strengthening India’s energy independence and economic growth, the Ministry of Coal on Tuesday signed Coal Mine Development and Production Agreements (CMDPAs) with the successful bidders of two coal mines – Marwatola-II and Namchik West – under the 11th round of commercial coal mining auctions.
These agreements mark another step toward the country’s goal of achieving self-reliance in coal production. Singhal Business Pvt Ltd has secured the Marwatola-II block, while PRA Nuravi Coal Mining Pvt Ltd has emerged as the successful bidder for Namchik West.
Of the two coal mines, one is fully explored and the other is partially explored. Combined, they are projected to generate an estimated annual revenue of ₹106.14 crore, based on a total Peak Rated Capacity (PRC) of ~0.34 million tonnes per annum (MTPA). To operationalise these mines, a capital investment of approximately ₹55 crore will be required.
In terms of employment potential, the two blocks are expected to create around 460 direct and indirect job opportunities, contributing to the socio-economic development of their respective regions.
With these additions, the Ministry of Coal has now signed CMDPAs for a total of 120 coal mines auctioned under the commercial coal mining framework. These mines represent a cumulative PRC of 265.64 MTPA, with an estimated annual revenue generation of ₹37,300 crore and a projected investment of ₹39,900 crore. Moreover, they are expected to provide employment to nearly 3,59,200 individuals across the country, the ministry said in a statement.
The ministry remains committed to strengthening domestic coal production through a transparent, investor-friendly auction process, ensuring energy security and supporting inclusive growth in line with the vision of a self-reliant India, it added.
