E-Auctioning Policy of Coal Mines

Piyush Goyal-indianbureaucracy
Piyush Goyal-indianbureaucracy

Shri Piyush Goyal Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, today in a written reply, informed Rajya Sabha that the Government has so far allocated 75 coal mines for specified end uses (31 Coal mines through e-auction & 44 coal mines through allotment) under the provisions of the Coal Mines (Special Provisions) Act, 2015 and the Rules made thereunder.

The Minister further said that the expected revenue of these 75 coal mines which shall accrue to the coal bearing States under Coal Mines (Special Provisions) Act, 2015 is estimated at more than Rs. 3.53 Lakh Crores during the life of mine/lease period. The estimated revenue from the e-auction of 31 Coal Mines is Rs. 1,96,698 Crores. As on 31.05.2016, the revenue already generated from the allocation of 74 coal mines under the provisions of the Coal Mines (Special Provisions) Act, 2015 is 2,237 Crores (excluding Royalty, Cess and Taxes) which shall be devolving entirely to the coal bearing State concerned, Shri Goyal added.

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