In a significant stride toward boosting India’s energy self-reliance, the Ministry of Coal has signed Coal Mine Development and Production Agreements (CMDPAs) with the successful bidders of two coal blocks, Marwatola-II and Namchik West, under the 11th round of commercial coal mining auctions.
Singhal Business Private Limited secured the Marwatola-II block, while PRA Nuravi Coal Mining Private Limited emerged as the successful bidder for Namchik West. Among the two coal mines, one is fully explored, and the other is partially explored. Together, they boast a combined Peak Rated Capacity (PRC) of approximately 0.34 million tonnes per annum (MTPA) and are expected to generate annual revenue of ₹106.14 crore.
The operationalisation of these mines will involve a capital investment of around ₹55 crore. Moreover, these projects are expected to create approximately 460 direct and indirect jobs, thereby contributing to the socio-economic upliftment of the regions involved.
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With the addition of Marwatola-II and Namchik West, the Ministry of Coal has now signed CMDPAs for a total of 120 coal mines under the commercial coal mining framework. These mines collectively represent a cumulative PRC of 265.64 MTPA, with a projected annual revenue generation of ₹37,300 crore and an estimated investment of ₹39,900 crore. Furthermore, these initiatives are expected to create employment for nearly 3,59,200 individuals across India.
This development reflects the Ministry’s ongoing commitment to enhancing domestic coal output through transparent and investor-friendly auctions. By enabling large-scale employment and industrial investment, the commercial coal mining initiative is playing a vital role in supporting India’s energy independence and inclusive economic growth.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Apr 9, 2025, 9:03 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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