Ministry of Coal approves allocation of one coal mine to Vedanta
6th Dec 2019

The Ministry of Coal has approved the allocation of one Coal Mine namely ‘Jamkhani’ located in the state of Odisha to Vedanta. This was the result of the electronic auction conducted by Ministry of Coal in first week of November 2019.

This will boost the coal production in the country and reduce the dependence of industries on imported coal. It is also envisaged that this step will generate huge revenue for State Governments where the mines are located in the form of Upfront Amount, Royalties and other applicable taxes.

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.