Govt deallocates 10 coal blocks of companies
The Coal Ministry Monday deallocated 10 coal blocks allocated to firms, including Adani Power, Jindal Steel and Power Ltd (JSPL), Uttam Galva Steels and ACC Cements, for delaying production from the mines.
New Delhi: The Coal Ministry Monday deallocated 10 coal blocks allocated to firms, including Adani Power, Jindal Steel and Power Ltd (JSPL), Uttam Galva Steels and ACC Cements, for delaying production from the mines.
The decision comes close on the heels of the inter- ministerial group (IMG) on coal blocks recommending to deallocate 29 mines.
The decision to deallocate mines was taken after due deliberations and taking into account all material facts, the Coal Ministry said.
The recommendations of the IMG have been considered an accepted by the government, the ministry added.
The 10 mines which are deallocated include Ramchandi Promotional coal block allocated to JSPL, Lohara West and Lohara Ext (E) mine alloted to Adani Power and Madhujore mine jointly allocated to Ramswarup Lohh Udyog, Adhunik Corporation, Uttam Galva Steels, Howrah Gases, Vikas Metals and Power Ltd, ACC Cement Ltd, Radhikapur (West).
Also coal block allocated to Rungta Mines and North of Arkhapal Srirampur (coal to liquid) block allocated to Strategic Energy Technology Systems Ltd have been deallocated, according to the ministry.
The Coal Ministry had earlier this month reviewed the progress of 61 coal blocks.
IMG was set up under the chairmanship of Additional Secretary, Coal, to review the progress of development of captive coal blocks alloted to private companies.
The IMG has members from various ministries, including steel and power.