DVC Strikes Gold! Bags 3 Coal Blocks in Mega Auction

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.

The acquisition is set to provide a substantial boost to revenue generation and employment. Conducted between November 20 and 25, the Ministry of Coal’s auction featured three fully explored non-coking coal blocks with a combined geological reserve of 3,306.58 million tonnes. These blocks have a peak rated capacity (PRC) of 49 million tonnes per annum and are expected to generate annual revenue of Rs 4,620 crore, attract investments of Rs 7,350 crore, and create more than 66,000 jobs.

With this latest round, the government has auctioned 136 coal blocks since 2020, strengthening domestic coal production capacity and supporting broader economic growth.

News by Rahul Yelligetti.