Union Minister G Kishan Reddy launches 10th tranche of commercial Coal Mine Auctions in Hyderabad
67 Coal Mines spread across 8 States offered for auction
Revenue generated from the auctioned coal blocks goes to the respective State Governments
Union Coal and Mines Minister G Kishan Reddy today launched the 10th round of auction of coal mines for commercial mining in Hyderabad. A total 67 coal mines will be put on block and the move is expected to enhance the domestic coal production and ensure energy security for the country.
This is for the first time that the auction was launched outside Delhi. As per the Coal Ministry, the blocks to be put on sale include both coking and non-coking coal mines.
Addressing the gathering, Union Minister of Coal and Mines, Shri G. Kishan Reddy, emphasized the critical role of coal as the lifeline for all industries and its pivotal contribution in achieving a 5 trillion-dollar economy. He stressed that all coal entrepreneurs should collaborate towards nation’s development and align with the vision of Prime Minister of making India Aatmanirbhar in coal by making collective efforts and reducing the dependency on coal imports.
He reiterated the importance of enhancing domestic coal production for India’s economic growth. It is crucial to work towards advancing in coal sector and our efforts today will make the future brighter. It was also informed that the revenue generated from the auctioned coal blocks goes to the respective State Government.
Deputy Chief Minister of Telangana, Shri Mallu Bhatti Vikramarka appreciated the efforts of Ministry of coal which has been working diligently to make the country self-sufficient in coal sector by significantly reducing foreign imports and producing nearly 1 Billion Tonne (BT) of coal in last financial year meeting the nation’s energy needs.
Minister of State for Coal and Mines, Shri Satish Chandra Dubey assured to provide all the necessary support to the coal block allocatees by improving ease of doing business. He informed that suggestions and feedback are being taken from the coal industry players for improving the attractiveness of coal sector. Further, he emphasized on the importance of coal mining sector in making India Aatmanirbhar in coal. Secretary Coal Ministry Amrit Lal Meena other official were also present in this program.
