New Delhi, March 5 (NationPress) The overall coal production from captive and commercial mines across the nation for the financial year 2024-25 has surged by 32.53 percent to 167.36 million tonnes (MT) as of February 2025, compared to 126.28 MT during the equivalent period of the prior financial year, based on official statistics released on Wednesday.

Coal dispatch has also experienced a remarkable increase, with total dispatch for the financial year reaching 170.66 MT, exceeding the 128.45 MT logged in the previous year. This reflects a 32.86 percent year-on-year rise, ensuring a consistent and uninterrupted supply of coal to crucial sectors such as power, steel, and cement, as stated by the Ministry of Coal.

The Bhaskarpara Coal mine operated by M/s Prakash Industries Limited commenced coal production on February 15, 2025, with a Peak Rated Capacity (PRC) of 15 MT, according to the announcement.

The introduction of commercial mining was part of the economic reforms aimed at attracting enhanced investments and advanced technology within the mining sector.

The Ministry of Coal has initiated roadshows for the 12th round of commercial coal mine auctions, set to begin in the second week of March. The latest roadshow engaged stakeholders and followed earlier successful events in Kolkata and Mumbai, reinforcing the government's dedication to boosting domestic coal production and ensuring energy security.

Last month, a total of 70 bids were received for 20 coal mines out of 27 blocks offered in the 11th round of commercial coal auctions.

In November 2024, the Ministry of Coal successfully auctioned nine mines, which are anticipated to generate an annual revenue of approximately Rs 1,446 crore, attract a capital investment of around Rs 2,115 crore, and create 19,063 jobs.

The nine mines together hold a geological reserve of roughly 3,998.73 million tonnes. The cumulative Peak Rated Capacity (PRC) for these mines stands at 14.10 MTPA, excluding partially explored coal mines, as per the official statement.

Among these coal mines, three are situated in Jharkhand, while there are two each in Odisha, Chhattisgarh, and Madhya Pradesh.

Since the start of commercial coal mining in 2020, a total of 113 coal mines have been successfully auctioned, with a production capacity of 257.60 million tonnes annually. Once operational, these mines will significantly boost domestic coal production and contribute to the nation’s self-reliance in the coal sector.

Collectively, these mines are projected to generate an annual revenue of Rs 35,437 crore, a capital investment of Rs 38,641 crore, and provide employment for 348,268 individuals in coal-rich regions.