ALLOCATION OF 5 COAL MINES APPROVED

About:

• The five Coal Mines allocated are:
  • Bikram (Madhya Pradesh)
    
    
  • Brahampuri (Madhya Pradesh)
    
    
  • Bhaskarpara (Chhattisgarh)
    
    
  • Jagannathpur B (West Bengal)
    
    
  • Jamkhani (Odisha)
    
    
  
  
  
• Of the five mines, two were allocated to Birla Corporation Ltd and one each to Vedanta Ltd, Prakash Industries Ltd and Powerplus Traders Pvt Ltd.
  
  
• The significant feature of the allocations is that for the first time, the successful bidders shall have the flexibility to sell 25% coal produced in the open market. This will boost the coal production in the country and reduce the dependence of industries on imported coal.