India: Revenue from auctions and allocations of coal mines

Last Modified: Fri Jan 04 2019 17:42:38 GMT+0530 (India Standard Time)
  • 83
    Number of mines auctioned and allotted since Feb 2015 in the backdrop of the Aug 2014 Supreme Court order cancelling the allotment of 204 coal mines to the private sector by previous govts. 31 mines were auctioned of which 6 stand cancelled for failing to deliver against deadlines. 69 mines were allotted to PSUs.
  • Rs. 3,36,000 crore
    Government's estimated revenue from these mines, both auctioned and allotted, over a period of 30 years. Average annual revenue estimated to be Rs. 11,200 crore
  • Rs. 582 crore
    cumulative revenue as on Oct 2015.
  • Rs. 2,779 crore
    cumulative revenue as of Nov 2016.
  • Rs. 4,109.3 crore
    cumulative revenue as of Dec 2017. [Rs. 2,543 crore from auctioned mines, Rs. 1,566 crore from allotted mines]
  • Rs. 5,684 crore
    cumulative revenue Feb 2015 - Jul 2018 - amounting to just 16.9% of the estimated revenue of Rs.33,600 crore over a 3 year period. [Rs. 3,353 crore from auctioned mines, Rs. 2,331 crore from allotted mines]