Coal Auction Round 11: A New Era of Commercial Mining in India

Jindal Steel and Power Ltd, along with other companies, has won coal blocks in the 11th commercial mines auction in India. The auction saw 12 mines auctioned with an impressive revenue share, capturing industry interest. These mines are set to generate substantial revenue and create significant employment opportunities.

Jindal Steel and Power Ltd (JSPL) and other major companies have successfully secured coal blocks in India's 11th round of commercial mines auction, according to an official release. The auction witnessed competitive bidding, with 12 coal mines auctioned and a notable revenue share of 36.27 percent, reflecting robust industry interest.

The Ministry of Coal launched this round in December 2024, offering 27 blocks. The auction resulted in bids for eight fully explored and four partially explored mines, with significant geological reserves. The expected revenue from these mines stands at Rs 3,330 crore annually, excluding partially explored sites.

Furthermore, these coal blocks promise substantial economic benefits, including an estimated Rs 2,319 crore in capital investment and the creation of over 20,902 jobs. Since 2020, the Center has auctioned a total of 125 coal mines, significantly contributing to India's economy by generating revenue, investment, and employment.

(With inputs from agencies.)