DVC bags 3 coal blocks in auction

New Delhi: State-owned Damodar Valley Corporation (DVC) has emerged as the highest bidder for three coal blocks in the 13th round of commercial mines auction, which are likely to generate annual revenue of Rs4,621 crore, an official statement said. DVC emerged as the highest bidder for two non-coking coal blocks in Jharkhand and one non-coking coal mine in Odisha. Non-coking coal is primarily used for power generation and industrial purposes like cement and fertilizer production. These three blocks are poised to generate annual revenue of Rs 4,620.69 crore, attract capital investment of Rs 7,350 crore and create 66,248 employment opportunities, the statement from Ministry of Coal said.