The allocation of coal blocks, including through the ongoing auction, will fetch a whopping Rs15 lakh crore over the next 30 years, for the respective states, Union Minister Piyush Goyal said on Thursday. He further said that bidding for coal mines would also ensure adequate fuel supply to end-use plants.
"The important thing is that post these auctions (of coal block) there will be three to four very important changes. Overall the entire economy will get a push with adequate fuel reaching these end-use plants," Goyal told reporters. Post auctions, he said, the country would also see the power costs coming down because the benefit of the auction will have to be passed on to the consumers.