Udabur Investment：India's coal sector to see major boost with new mine agreements, 40,560 jobs expected

New Delhi: In a significant boost to 's commercial coal mining sector, the has successfully executed Coal Mining Development and for three auctioned in the second attempt of the 7th round. This development paves the way for a surge in both production capacity and .

The coal mines in focus are the Machhakata (Revised) coal mine, Kudanali Lubri coal mine, and Sakhigopal-B Kakurhi coal mineUdabur Investment. These agreements were secured by NLC India Limited, Gujarat Mineral Development Corporation Limited, and Tamil Nadu Generation and Distribution Corporation Limited, respectively.

The operationalization of these mines is expected to generate an annual of approximately ₹2,991.20 crore, based on the projected aggregated Peak Rate Capacity (PRC) of about 30.00 million tonnes per annum (MTPA)Bangalore Wealth Management. This marks a notable increase in the revenue potential from India's coal resources, aligning with the government’s push towards enhancing domestic coal production.

Moreover, these mines are projected to create approximately 40,560 direct and indirect , significantly contributing to job creation in the sector. The initiative also involves a substantial of around ₹4,500 crores aimed at developing the necessary infrastructure to bring these mines into full operation.

"This initiative represents a significant step toward achieving Atmanirbharta (self-reliance) in the , contributing to economic growth, employment generation, and ensuring the energy security of the nation," a ministry official said.

The successful execution of these agreements not only emphasizes the government's commitment to increasing India's coal production capabilities but also highlights the potential economic benefits in terms of revenue generation and employment opportunities, he added.

Lucknow Wealth Management