IMG's recommendations on coal mines to PSUs may be by Oct-end
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IMG's recommendations on coal mines to PSUs may be by Oct-end

Last Updated: Tuesday, October 16, 2012, 15:13
 
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IMG's recommendations on coal mines to PSUs may be by Oct-end
New Delhi: The Inter-Ministerial Group (IMG) on coal blocks is likely to finalise its recommendations by the month end with regard to 33 blocks allotted to public sector firms such as Nalco and MMTC.

"By the last week of October, the IMG will make its recommendations with regard to blocks allocated to public sector firms," an official in the Coal Ministry said.

The IMG reviewed the development of blocks allotted to public sector firms on October 9 and 10 and examined 33 cases.

The PSUs which presented their cases before the panel include Andhra Pradesh Power Generation Company, Chhattisgarh Mineral Development Corp, MMTC and Nalco among others.

Earlier, the IMG concluded the scrutiny of 31 coal blocks allotted to 51 private firms.

Coal Secretary S K Srivastava had recently conveyed it to Public Accounts Committee that the IMG would finalise the recommendations with regard to 33 mines allocated to public sector firms by October 20.

Last month, the government had accepted the recommendations of the IMG, which had suggested de-allocation of 13 mines and deduction of bank guarantees of 14 allottees.

A total of 58 mines were issued show cause notices for their failure to develop blocks within stipulated timeline.

The government had formed the IMG in July to review the progress of coal blocks allocated to companies for captive use.

PTI



First Published: Tuesday, October 16, 2012, 15:08


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