Hindalco, NLC & Others To Operate Six Coal Mines
NLC India and Hindalco Industries are among the companies that will be operating six coal mines that were put up for auction earlier this year, the government said on Friday.
The government has been looking to private players to boost coal production in the country as power demand surges.
This is the seventh round of auctioning of mines for commercial mining - a total of 92 mines have been auctioned so far, which are projected to generate an annual revenue of approximately Rs 34,185 crore.
The mines auctioned as part of the latest tranche, of which two are fully explored and the remaining partially explored, are located in the central Indian states of Chhattisgarh and Madhya Pradesh, and the eastern states of Jharkhand and Odisha.
The other companies that will be operating them are Shri Bajarang Power and Ispat, NTPC Mining and Nilkanth Coal Mining.
"Coal production from these mines will help to reduce the demand for imported thermal coal and decrease reliance on public sector coal mining companies," the ministry said in a statement.
