Press Information Bureau

Government of India

Ministry of Coal

07-December-2015 16:19 IST

So far, 31 coal mines have been successfully auctioned under the provisions of Coal Mines (Special Provisions) Act, 2015 and the Rules made thereunder.

Revenue which would accrue to the coal bearing State Government concerned comprises of Upfront payment as prescribed in the tender document, Auction proceeds and Royalty on per tonne of coal production. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to a question in the Rajya Sabha today.

State-wise details of 31 coal mines auctioned so far and estimated revenue which would accrue to coal bearing state during the life of mine/lease period is given below: 

S.No.	State	Name of Mine/Coal Block	Estimated Revenue during the life of mine/lease period (Rs. In Crores)
1	Chhattisgarh	Chotia	51596.83
		Gare Palma IV‐4
		Gare Palma IV‐5
		Gare Palma IV‐7
		Gare‐Palma Sector‐IV/8
2	Jharkhand	Brinda and Sasai	49272.93
		Dumri
		Ganeshpur
		Jitpur
		Kathautia
		Lohari
		Meral
		Moitra
		Tokisud North
3	Madhya Pradesh	Amelia North	42811.43
		Bicharpur
		Mandla North
		Mandla‐South
		Sial Ghoghri
4	Maharashtra	Belgaon	5920.62
		Majra
		Marki Mangli III
		Marki Mangli-I
		Nerad Malegaon
5	Odisha	Mandakini	33741.95
		Talabira‐I
		Utkal ‐ C
6	West Bengal	Ardhagram	13354.22
		Sarisatolli
		Trans Damodar
	Grand Total		196697.98

The Minister further stated that in addition, an estimated amount of ₹ 1,48,275 Crores would accrue to coal bearing States from allotment of 42 coal mines to Central and State PSU’s. Further, the benefit to consumers in terms of reduction of electricity tariffs is likely to be about ₹ 69,310.97 Crores.

The Central Government has received an amount of ₹ 1398,25,77,048.25 /- from the Auction and Allotment of coal mines under the Coal Mines (Special Provisions) Act, 2015. With respect to the State of Odisha, the Central Government has received Rs.  105,16,62,629.50/- from the coal mines auctioned/allotted in the State of Odisha and an amount of ₹ 37,51,53,256/- has already been transferred to the State Government, the Minister added.  

RM/RS-  US805 - RS

Coal mine auctions under special provisions act produce state revenue and consumer tariff benefits through competitive allocation mechanisms. Auctions under the Coal Mines (Special Provisions) Act, 2015 allocated 31 coal blocks; state revenue comprises upfront payments, auction proceeds and per tonne royalty, with state wise estimated lifetime revenues reported. An additional 42 mines were allotted to Central and State PSUs producing further state revenue and expected consumer tariff benefits. The Central Government has collected receipts from auctions and allotments and has transferred specified amounts to States, exemplified by receipts and transfers relating to Odisha.