In FY23, government plans to monetize assets in the coal mining sector for Rs75,220 crore

8 Jun 2022 , 04:33 PM

In the current fiscal year, the government intends to monetize assets in the coal mining sector for Rs75,220 crore. According to the coal ministry’s plan for FY23, monetization of coal blocks is expected to earn Rs52,200 crore, followed by Rs20,320 crore from projects on the Mine Developer and Operator (MDO) model, Rs2,000 crore from terminated mines, and Rs700 crore from washeries.
 
These figures are tentative.
 
The coal ministry’s overall monetization was Rs40,090 crore, compared to the NITI Aayog’s objective of Rs3,394 crore for FY22, it added. In FY22, Rs28,986 crore came from coal blocks, Rs9,592.64 crore from the MDO model, and Rs1,512 crore from CBM projects, out of a total of Rs40,090 crore.
 
A total of 39 coal blocks worth Rs28,986 crore are being considered for monetization. The NITI Aayog calculated the monetary worth of 39 mines, according to the government. 160 coal mining assets worth Rs28,747 crore have been identified for monetization during FY22-25, according to the National Monetization Pipeline.
 
17 MDO projects, three washeries, one coal gasification plant, 35 identified first-mile connectivity projects for building coal silos/mechanized loading, operationalization of four discontinued/ abandoned projects, and commercial auction of mines are among them, according to the report.
 
It had stated that the total indicative value of assets examined for monetization during FY22-25 is anticipated to be Rs28,747 crore. It was stated that 761 mineral blocks would be auctioned between FY22 and FY25.