New Delhi, Aug. 1 -- The government has successfully auctioned seven coal blocks, consisting of three fully explored and four partially explored blocks, anticipated to generate an annual revenue of approximately Rs 719.90 crore and attract an investment of around Rs 787.50 crore, creating 7,098 jobs.

The auctions, conducted between July 28 and July 31 as part of the 12th round launched on March 27, covered blocks with a total geological reserve of about 1,761.49 million tonnes and a Peak Rated Capacity of 5.25 MTPA. The competitive auctions achieved an average revenue share of 26.70 percent.

Since 2020, 131 coal blocks have been auctioned, with a production capacity totaling 277.31 million tonnes per year. These developments are expecte...