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Coal blocks fetch States INR 4,109.3 crore – Mr Piyush Goyal

Coal News - Published on Fri, 29 Dec 2017

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The Hindu Business Line Mr Piyush Goyal Coal Minister said in a written reply to the Lok Sabha that 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 this, INR 2,543 crore were generated from the auctioned coal blocks.

According to the Minister, 31 coal mines have been allocated by way of auction to private and public companies for specified end users. Mr Goyal further said that against the target of 433.4 million tonnes (mt), the overall coal output in April-November of this fiscal was 396.5 mt.

The Minister stressed that “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.”

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Posted By : Nanda Koijam on Fri, 29 Dec 2017
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