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Methodology for fixing Upfront Payment and Reserve Price for allotment of coal mines/blocks for sale of coal to PSUs under the Coal Mines (Special Provisions) Act, 2015

Dated:- 17-12-2015 - The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, has given its approval for allotting coal mines to Central and State PSUs for sale of coal specially to Medium, Small and cottage .....

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revenue from such coal mines equal to the amount of royalty on the quantity of coal produced on a monthly basis during the lease period/life of the mine as well as one time upfront payment which is 10 percent of the intrinsic value of coal in the mi .....

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