Investments by CIL to Increase Coal Production
Investments by CIL
to Increase Coal Production
CIL has assessed a tentative capital
investment of Rs. 57,000 crores for the next five years to ramp-up its coal
production to one billion tonnes by 2019-20 from the production level of 494.80
Mt. in 2014-15. This was stated by Shri Piyush Goyal, Minister of State
(IC) for Power, Coal & New and Renewable Energy (IC) in a written reply to
a question in the Rajya Sabha today.
The year-wise
tentative capital investment projection is as follows:
CIL
|
2015-16
|
2016-17
|
2017-18
|
2018-19
|
2019-20
|
Total
|
Capital investment
(Rs.Crores)
|
5990.5
|
8282
|
14539
|
14635
|
13529
|
56975.50 say 57000
|
In the 12th Plan,
target for production of coal set for CIL was as follows:
Year
|
Production Target in Mt
|
2012-13
|
464.10
|
2013-14
|
482.00
|
2014-15
|
507.00
|
2015-16
|
550.00
|
However, for the
year 2013-14, against a target of 482 Mte, only 462 Mte was produced by CIL
resulting in a shortfall of 20 Mte. With aggressive focus on
increasing coal production since June 2014, against the original targetted
increase of 25 Mte from 482 Mte to 507 Mte. in 2014-15, production of CIL
actually increased by 32 Mte i.e. 128% more than target thereby covering the
gap of 7 Mte in production of the previous year 2013-14.
The Minister
further stated that the increase of 32 Mte in actual production achieved by CIL
in 2014-15 is more than the cumulative increase in production for the previous
4 years of 31 Mte.
**************
Coal Mines
Auctioned
So far, 31 coal mines have been successfully auctioned
under the provisions of Coal Mines (Special Provisions) Act, 2015 and the Rules
made thereunder.
Revenue which would accrue to
the coal bearing State Government concerned comprises of Upfront payment as
prescribed in the tender document, Auction proceeds and Royalty on per tonne of
coal production. This was stated by Shri Piyush Goyal, Minister of State (IC)
for Power, Coal & New and Renewable Energy (IC) in a written reply to a
question in the Rajya Sabha today.
State-wise details of 31 coal
mines auctioned so far and estimated revenue which would accrue to coal bearing
state during the life of mine/lease period is given below:
S.No.
|
State
|
Name of Mine/Coal Block
|
Estimated Revenue during the life of mine/lease period
(Rs. In Crores) |
1
|
Chhattisgarh
|
Chotia
|
51596.83
|
Gare Palma IV‐4
|
|||
Gare Palma IV‐5
|
|||
Gare Palma IV‐7
|
|||
Gare‐Palma Sector‐IV/8
|
|||
2
|
Jharkhand
|
Brinda and Sasai
|
49272.93
|
Dumri
|
|||
Ganeshpur
|
|||
Jitpur
|
|||
Kathautia
|
|||
Lohari
|
|||
Meral
|
|||
Moitra
|
|||
Tokisud North
|
|||
3
|
Madhya Pradesh
|
Amelia North
|
42811.43
|
Bicharpur
|
|||
Mandla North
|
|||
Mandla‐South
|
|||
Sial Ghoghri
|
|||
4
|
Maharashtra
|
Belgaon
|
5920.62
|
Majra
|
|||
Marki Mangli III
|
|||
Marki Mangli-I
|
|||
Nerad Malegaon
|
|||
5
|
Odisha
|
Mandakini
|
33741.95
|
Talabira‐I
|
|||
Utkal ‐ C
|
|||
6
|
West Bengal
|
Ardhagram
|
13354.22
|
Sarisatolli
|
|||
Trans Damodar
|
|||
Grand Total
|
196697.98
|
The Minister further stated that in addition, an estimated amount of Rs.
1,48,275 Crores would accrue to coal bearing States from allotment of 42 coal
mines to Central and State PSU’s. Further, the benefit to consumers in terms of
reduction of electricity tariffs is likely to be about Rs. 69,310.97 Crores.
The Central Government has received an amount of Rs. 1398,25,77,048.25 /- from
the Auction and Allotment of coal mines under the Coal Mines (Special
Provisions) Act, 2015. With respect to the State of Odisha, the Central
Government has received Rs. 105,16,62,629.50/- from the coal mines
auctioned/allotted in the State of Odisha and an amount of Rs. 37,51,53,256/-
has already been transferred to the State Government, the Minister added.
************
Auction of Coal Blocks
A total of 31 bids
were received for 10 coal mines offered to the Non Regulated Sector in the
third tranche of auction of coal mines under the provisions of the Coal Mines
(Special Provisions) Act, 2015, the details of which are as under:-
|
S.No.
|
Coal Mine
|
Bidder Name
|
|
1
|
Bhaskarpara
|
Crest Steel and Power
Private Limited
|
|
2.
|
Godawari Natural Resources
Limited
|
|
|
3.
|
Jindal Steel and Power
Limited
|
|
|
1.
|
Chitarpur
|
Hindalco Industries Limited
|
|
2.
|
Jindal Steel and Power
Limited
|
|
|
3.
|
Kolkata Glass and Ceramics
Private Limited
|
|
|
4.
|
Steel Authority of India
Limited
|
|
|
5.
|
Vedanta Limited
|
|
|
1.
|
Jamkhani
|
Bhushan Power & Steel
Limited
|
|
2.
|
Hindalco Industries Limited
|
|
|
3.
|
Jindal Steel and Power
Limited
|
|
|
4.
|
Rashtriya Ispat Nigam
Limited
|
|
|
5.
|
Steel Authority of India
Limited
|
|
|
6.
|
Vedanta Limited
|
|
|
1.
|
Majra
|
ACC Limited
|
|
2.
|
Crest Steel and Power
Private Limited
|
|
|
3.
|
Emami Cement Limited
|
|
|
4.
|
Grace Industries Limited
|
|
|
5.
|
Jaypee Cement Corporation
Limited
|
|
|
6.
|
JK Lakshmi Cement Limited
|
|
1.
|
Marki Mangli – I
|
Grace Industries Limited
|
|
2.
|
Lloyds Metals and Energy
Limited
|
|
|
3.
|
Topworth Urja & Metals
Limited
|
|
|
1.
|
Parbatpur Central
|
JSW Steel Limited
|
|
2.
|
Rashtriya Ispat Nigam
Limited
|
|
|
3.
|
Steel Authority of India
Limited
|
Only two Technical Bids were received each for Dongeri Tal – II and Sondhia
Coal Mines. This was stated by Shri Piyush Goyal, Minister of State (IC) for
Power, Coal & New and Renewable Energy (IC) in a written reply to a
question in the Rajya Sabha today . Further, only one Technical Bid was
received for Kosar Dongergaon coal mine and no Technical Bid was received for
Marki Mangli – IV coal mine.
The Minister further stated that so far, 31 coal mines
have been successfully auctioned under the provisions of Coal Mines (Special
Provisions) Act, 2015 and the Rules made thereunder.
Revenue which would accrue to the coal bearing State
Government concerned comprises of Upfront payment as prescribed in the tender
document, Auction proceeds and Royalty on per tonne of coal production. The
estimated revenue which would accrue to coal bearing state during the life of
mine/lease period from the Auction of 31 Coal Mines is Rs. 1,96,698 Crores. In
addition, an estimated amount of Rs. 1,48,275 Crores would accrue to coal
bearing States from allotment of 42 coal mines to Central and State PSU’s.
Further, the benefit to consumers in terms of reduction of electricity tariffs
is likely to be about Rs. 69,310.97 Crores, the Minister added.
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