coal mining: Govt plans to monetise property price Rs 75,220 crore in coal mining sector in FY23

The monetisation of coal blocks is more likely to generate a income of Rs 52,200 crore, adopted by Rs 20,320 crore from initiatives on Mine Developer and Operator (MDO) mannequin, Rs 2,000 crore from discontinued mines and Rs 700 crore from washeries, the coal ministry mentioned in its monetisation plan for the 2022-23.

The monetisation figures are tentative.

The asset monetisation goal of NITI Aayog for the coal ministry for FY23 is Rs 6,060 crore, the ministry mentioned.

In opposition to the NITI Aayog’s goal of Rs 3,394 crore for 2021-22, the full monetisation of the coal ministry was Rs 40,090 crore, it mentioned.

Of the mentioned Rs 40,090 crore, Rs 28,986 crore got here from coal blocks, Rs 9,592.64 crore from MDO mannequin and Rs 1,512 crore from Coal Mattress Methane (CBM) initiatives.

“…39 coal blocks are taken for monetisation having complete worth of Rs 28,986 crore. Monetisation worth of 39 mines relies on calculation performed by NITI Aayog,” the ministry mentioned.

In accordance with the Nationwide Monetisation Pipeline, 160 coal mining property with an estimated price of Rs 28,747 crore have been recognized for monetisation throughout FY22-25.

These embrace 17 initiatives on MDO mannequin, institution of three washeries, one coal gasification plant, 35 recognized first-mile connectivity initiatives for constructing coal silos/ mechanised loading, operationalisation of 4 discontinued/ deserted initiatives and industrial public sale of mines, it had mentioned.

The full indicative worth of property thought-about for monetisation is estimated at Rs 28,747 crore over FY 2022-25, it had mentioned.

About 761 mineral blocks are anticipated to be placed on public sale throughout FY22-FY25, it had mentioned.