Telangana’s Singareni among 60 coal blocks going under hammer
The Ministry of Coal said the auction has the potential to propel economic growth, generate employment opportunities, strengthen energy security, and contribute to sustainable development.
Published Jun 20, 2024 | 3:00 PM ⚊UpdatedJun 20, 2024 | 3:00 PM
According to Telangana’s Fiscal Policy Statement 2026-27, royalties and seigniorage from mines and minerals form a major part of its non-tax revenue.
On Wednesday, 19 June, Union Minister of Coal and Mines G Kishan Reddy said the 10th round of commercial coal mining auctions will be launched in Hyderabad on 21 June. The mines going under the hammer include one in Telangana. Sixty mines will be up for auction. Among these, 24 coal mines are fully explored, while 36 are partially explored.