Damodar Valley Corporation (DVC) has emerged as the highest bidder for three coal blocks in the 13th round of India’s commercial coal mine auctions.
This acquisition is expected to significantly boost both revenue and job opportunities. Held from November 20-25, the auction by the Ministry of Coal offered three fully explored non-coking coal blocks, which together contain 3,306.58 million tonne of geological reserves. These blocks have a peak rated capacity (PRC) of 49 million tonne per annum and are projected to generate annual revenue of Rs 4,620 crore, attract investments worth Rs 7,350 crore, and create employment of over 66,000 people.
With this round, the government has auctioned a total of 136 coal blocks since 2020, further expanding production capacity and driving economic growth.