Auctioned and allotted coal blocks fetch states INR 4,109.3 crore: Coal Minister

02 January 2018

Total revenue of INR 4,109.3 crore has accrued to states, including Chhattisgarh and Madhya Pradesh, from auctioned and allotted coal blocks till November.

Of the total revenue of INR 4,109 crore, Rs 2,543 crore are generated from the auctioned coal blocks, Coal Minister Shri Piyush Goyal said in a written reply to the Lok Sabha.

According to the minister, 31 coal mines have been allocated by way of auction to private and public companies for specified end users.

Minister further added that against the target of 433.4 million tonnes (mt), the overall coal output in April-November of this fiscal was 396.5 mt.

“A positive growth of 2% has been achieved during this period compared to the corresponding period of the previous year when the overall production was 388.68 mt,” the minister stressed.

Less demand of fossil fuel in January-July resulted in accumulation of coal stock on the mines of state-owned Coal India (CIL).

“So, the production was restricted in the early part of 2017-18,” he said, adding that thereafter as demand of the dry fuel picked up, all efforts are being made to enhance the coal output