New Delhi, Mar 1 (PTI) The coal ministry sold two mines on the third day of commercial coal mine auction on Wednesday, a release said.

Ganga Khanij Pvt Ltd bagged a coal mine in Madhya Pradesh while Coal Pulz Pvt Ltd emerged as the highest bidder for a coal mine in Arunachal Pradesh.

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The total geological reserves for these two coal mines are 125 million tonnes and the cumulative peak rate capacity is 0.2 million tonnes per annum (MTPA).

These coal mines upon operationalisation will generate annual revenue of Rs 173 crore, attract capital investment of Rs 30 crore and will provide employment to 270 people.

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The coal ministry launched the auction of coal mines for commercial mining under the sixth round and the second attempt of the fifth round on November 3, last year.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)