Lagatar24 Desk
New Delhi, August 3: The Centre has distributed the upfront payment of Rs 704 crore it got from the sixth round of coal mine auctions to six states, an official announcement stated on Thursday.
The coal-producing states of Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha and West Bengal have received the money, the statement from the Ministry of Coal said.
“The Ministry of Coal has transferred Rs 704 crore upfront amount received from auction of coal mines to these six coal-bearing states. This financial transfer marks a substantial initiative to empower and support developmental growth of these states,” it said.
The Rs 704 crore allotted reflects the first instalment of the upfront amount for 18 coal mines successfully auctioned in the sixth round of auctions and the second attempt of the fifth round of commercial coal mine auctions.
Jharkhand has received around Rs 130.99 crore transferred by the Centre, official sources said on Thursday.
