Page 55 - Policy Economic Report - October 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

The coal blocks for which vesting orders have been issued are Tandsi III & Tandsi III Extension, Senduri,
West of Tubed, Chitarpur (Revised), and Phutamura. Among these, four blocks are partially explored and
one block is fully explored, having a Peak Rated Capacity (PRC) of approximately 3.45 million tonnes per
annum (MTPA) and geological reserves of about 1,556.31 million tonnes (MT).

These blocks are expected to generate an annual revenue of around ?360 crore and attract a capital
investment of approximately ?517 crore. Furthermore, they are projected to create employment
opportunities for nearly 4,664 people, both directly and indirectly.

With the issuance of these vesting orders, a total of 125 coal blocks have now been vested or allocated
under commercial coal auctions. Collectively, these blocks account for a cumulative PRC of around
265.844 MTPA, which is estimated to generate annual revenue of approximately ?37,463 crore and
provide employment to nearly 3,59,400 people directly and indirectly.

Coal India & IIT Madras Join Hands to Establish Centre for Sustainable Energy

Coal India Limited (CIL), on Wednesday, signed a Memorandum of Understanding (MoU) with the Indian
Institute of Technology Madras (IIT Madras) to establish the “Centre for Sustainable Energy” at the IIT
Madras. The MoU was signed by Shri Achyut Ghatak, Director (Technical), CIL, and Shri V. Kamakoti,
Director, IIT Madras, in the presence of Shri P.M. Prasad, Chairman, CIL, along with senior officials from
both CIL and IIT Madras.

The Centre will serve as a hub for cutting-edge R&D and capacity-building initiatives in sustainable
energy technologies. Supported by CIL’s funding and aligned with its strategic diversification goals, the
Centre will focus on developing solutions for repurposing coal mines, creating low-carbon technologies,
and reimagining coal as a valuable feedstock in India’s clean energy future. This partnership underscores
a shared commitment to leading India’s energy transition through indigenous research, innovation, and
technology development to achieve the nation’s net-zero ambitions by 2070.

Speaking on the occasion, Shri P.M. Prasad, Chairman, CIL, said that Coal India is transforming from
being the nation’s energy provider to becoming a key enabler of India’s clean energy transition. “This
MoU marks a historic step in Coal India’s journey toward sustainable growth. Through this collaboration
with IIT Madras, Coal India aims to generate indigenous solutions that ensure energy security,
decarbonization, and socioeconomic progress,” he added.

Shri V. Kamakoti, Director, IIT Madras, stated that industry–academia collaborations have been a
cornerstone of IIT Madras’ journey toward leading India’s transition to a low-carbon economy. “The
partnership with Coal India epitomizes the institute’s commitment to this cause. Together, we aim to
develop scalable and impactful solutions that support India’s sustainable energy future,” he emphasized.

The Centre will also contribute to human capital development through Ph.D., postdoctoral, and
internship programs, nurturing the next generation of researchers and engineers to lead India’s green
energy transformation.

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