Reuters, NEW DELHI, June 28 – The Ministry of Coal said on Wednesday that India has received proposals from 22 businesses, including Jindal Steel and Power (JNSP.NS) and Hindalco Industries (HALC.NS), for the commercial extraction of coal from 18 thermal and coking coal mines.
The majority of mines contain thermal coal reserves that are used to produce electricity, but one has a type of coal that is used to create steel. The government claimed in a statement that just half of the mines had been completely investigated.
The completely explored mines have a combined annual production capacity of 47.8 million tonnes.
Sun Flag Iron and Steel, NLC India, NTPC’s mining division, and the cement and ready-mix concrete business Nuvoco Vistas are among the other bids.
As the nation’s need for electricity soars, the government wants private companies to increase coal output there. Governed Coal India leads the nation’s coal mining industry.