Govt generates Rs 1,748 cr from auction of 31 coal mines

Out of the 82 coal mines, 31 coal mines have been allocation through e-auction: Piyush Goyal

Press Trust of India  |  New Delhi 

Union Power Minister Piyush Goyal. Photo: PTI
Union Power Minister Piyush Goyal. Photo: PTI

The government has generated revenue of Rs 17,47.7 crore from the auction of 31 coal blocks.

"The revenue generated till January, 2017 from the auction of 31 is Rs 17,47,72,47,706," Coal and Power Minister said in a written reply to the



So far, 82 have been allocated by way of auction/allotment.

"Out of the 82 coal mines, 31 have been allocation through e-auction," it said.

"The revenue from the auction of under the provision of (Special Provisions) Act, 2015 comprises of Upfront Amount as prescribed in the tender document, auction proceeds and royalty on per tonne of coal production, which shall be devolving entirely to the coal bearing state government," he said.

Allocation of coal mines, including allocation during 2017-18, is an ongoing process, Goyal said, adding that the decision to reserve blocks for has not been taken.

Govt generates Rs 1,748 cr from auction of 31 coal mines

Out of the 82 coal mines, 31 coal mines have been allocation through e-auction: Piyush Goyal

Out of the 82 coal mines, 31 coal mines have been allocation through e-auction: Piyush Goyal The government has generated revenue of Rs 17,47.7 crore from the auction of 31 coal blocks.

"The revenue generated till January, 2017 from the auction of 31 is Rs 17,47,72,47,706," Coal and Power Minister said in a written reply to the

So far, 82 have been allocated by way of auction/allotment.

"Out of the 82 coal mines, 31 have been allocation through e-auction," it said.

"The revenue from the auction of under the provision of (Special Provisions) Act, 2015 comprises of Upfront Amount as prescribed in the tender document, auction proceeds and royalty on per tonne of coal production, which shall be devolving entirely to the coal bearing state government," he said.

Allocation of coal mines, including allocation during 2017-18, is an ongoing process, Goyal said, adding that the decision to reserve blocks for has not been taken.
image
Business Standard
177 22