Singhal Business and PRA Nuravi secure mining blocks
In a notable advancement towards strengthening India’s energy independence and economic growth, the Ministry of Coal has signed Coal Mine Development and Production Agreements (CMDPAs) with the successful bidders of two coal mines—Marwatola-II and Namchik West—under the 11th round of commercial coal mining auctions.
These agreements mark another step toward the country’s goal of achieving self-reliance in coal production.
Singhal Business Private Limited has secured the Marwatola-II block, while PRA Nuravi Coal Mining Private Limited has emerged as the successful bidder for Namchik West, the Coal Ministry said on 8 Apr https://www.investindia.gov.in/.
Of the two coal mines, one is fully explored and the other is partially explored. Combined, they are projected to generate an estimated annual revenue of Rs.106.14 crore, based on a total Peak Rated Capacity (PRC) of ~0.34 million tonnes per annum (MTPA). To operationalise these mines, a capital investment of approximately Rs.55 crore will be required https://www.commerce.gov.in/.
With these additions, the Ministry has now signed CMDPAs for a total of 120 coal mines auctioned under the commercial coal mining framework. These mines represent a cumulative PRC of 265.64 MTPA, with an estimated annual revenue generation of Rs.37,300 crore and a projected investment of Rs.39,900 crore.
The Ministry said it remains committed to strengthening domestic coal production through a transparent, investor-friendly auction process, ensuring energy security and supporting inclusive growth in line with the vision of a self-reliant India. Fiinews.com
