Western Coalfields, JSPL Secure Coal Blocks in 11th Commercial Auction Round.

Western Coalfields (WCL) and Jindal Steel and Power (JSPL) are among the 10 companies that have secured coal blocks in the 11th round of commercial coal mine auctions launched by the Coal Ministry on December 5, 2024. A total of 27 coal blocks were on offer in this round.

Of these, 12 coal mines were successfully auctioned through forward bidding, comprising eight fully explored and four partially explored mines. Other successful bidders include Jharkhand Exploration and Mining Corporation, Rungta Sons, Jindal Power, New Era Cleantech Solution, and Innovative Mines and Minerals.

“These 12 mines collectively hold geological reserves of approximately 5,759.23 million tonnes, with a cumulative Peak Rated Capacity (PRC) of 15.46 million tonnes per annum (excluding partially explored mines),” the ministry said in a statement.

The auction witnessed intense competition, with an impressive average revenue share of 36.27%, highlighting strong industry interest and the government's commitment to a stable and transparent coal policy.

The newly auctioned mines are expected to generate ₹3,330 crore in annual revenue (excluding partially explored mines) and attract ₹2,319 crore in capital investment. Additionally, these projects are set to create 20,902 jobs, significantly boosting economic activity in coal-rich regions.

Since the launch of commercial coal mining in 2020, the Coal Ministry has auctioned 125 coal mines with a combined production capacity of 273.06 million tonnes per annum. Once operational, these mines will enhance domestic coal output, strengthen India's energy security, and contribute ₹38,767 crore in annual revenue while generating employment for approximately 4,69,170 people.

Coal production from commercial mines has seen remarkable growth, rising from 12.55 million tonnes in FY24 to 22.35 million tonnes in FY25 so far—a 78.14% increase.

HBL