CPSEs get two Coking Coal Mines to Boost Production

Speed Post News Network

New Delhi : The Ministry of Coal has allotted two Coking Coal mines : Rohne and Rabodih, to the Steel Central Public Sector Enterprises (CPSE’s). Allocated under the Coal Mines (Special Provision) Act, 2015, these mines located in Jharkhand will add about more than 10 million tonnes (MT) per annum and boost the coking coal production in the country. This is a significant step towards reducing the dependence of Steel Industry on imported coal.

The ‘Rohne’ Coal Mine has been allotted to National Mineral Development Corporation Limited for Sale of Coal and will also serve the purpose of captive use of coking coal to NMDC’s upcoming steel plant at Nagarnar. The ‘Robodih OCP’ coal mine has been allotted to Rashtriya Ispat Nigam Limited (RINL) for captive use of production of Iron & Steel. These mines will, over their lifetime, generate about Rs 7,000 crore revenue for State Government, besides royalties and other applicable taxes. Both NMDC and RINL would set up their Washeries for washing coal, according to a PIB release.

This allotment is in addition to 5 coal mines allocated to successful bidders and 6 coal mines allotted to PSU’s. In all, the  13 mines will add more than 35 MT per annum coal to the domestic availability of coal. Apart from the royalties and applicable taxes, these mines are slated to generate about Rs 31,000 crore revenue over their lifetime for State Governments.