HomeNews News Govt generates Rs 1,748 cr from auction of 31 coal mines Govt generates Rs 1,748 cr from auction of 31 coal mines

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Govt generates Rs 1,748 cr from auction of 31 coal mines

Govt generates Rs 1,748 cr from auction of 31 coal mines

Friday, March 17, 2017, 11:43 AM

The government has generated revenue of Rs 17,47.7 crore from the auction of 31 coal blocks. The revenue from the auction of coal mines under the provision of Coal Mines Act, 2015 comprises of Upfront Amount as prescribed in the tender document, auction proceeds and royalty on per tonne of coal production, which shall be devolving entirely to the coal bearing state government.
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