NLC India, ACC, and JSW Energy Utkal are among the five companies that have bagged five mines on the first day of the tenth round of commercial coal mine auction. The auction commenced on 21 June, 2024 with the forward e-auctions starting on 21 November.

Key players in this round included NLC India, ACC, and JSW Energy Utkal, each securing one coal block. While ACC won a mine in Madhya Pradesh, NLC India and JSW Energy Utkal acquired blocks in Odisha. Additionally, Mineware Advisors and Shreeji Nuravi Coal Mining and Trading also bagged mines. Out of the five blocks auctioned, one is fully explored, while the other four are partially explored.

These blocks collectively have geological reserves of 2,630.77 million tonne and a Cumulative Peak Rated Capacity of 12 MTPA. Upon operationalization, these will generate an annual revenue of Rs 1,106.91 crore, attracting a capital investment of Rs 1,800 crore, and creating employment opportunities for 16,224 people.

This auction is part of India's ongoing efforts to boost domestic coal production and reduce reliance on imports. A total of nine coal blocks were put out for sale in this round, with the auctions expected to conclude shortly.