AnalysisEnergyInFocusManufacturingNewsSectors

Coal Auctions Generated Rs 2,237 Crore Revenue: Piyush Goyal

Sharing is caring!

Coal block auctions and allotments have generated Rs 2,237 crore revenue till May this year, power, coal, renewable energy and mines minister Piyush Goyal informed. 

NEW DELHI, 1st AUGUST, 2016: In a written reply in the Rajya Sabha, Mr Piyush Goyal, Minister of State, Ministry of Power, Coal & Renewable Energy mentioned, “As on 31 May, the revenue already generated from the allocation of 74 coal mines under the provisions of the Coal Mines (Special Provisions) Act, 2015, is Rs 2,237 crore (excluding royalty, cess and taxes), which shall be devolving entirely to the coal bearing state concerned.”

The government has so far allocated 75 coal mines for specified end use, including 31 through auction and 44 through allotment to public sector units.

The minister said the expected revenue of these mines is estimated at over Rs 3.53 lakh crore during the life of mines.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to top button
%d bloggers like this: