IMG to hear 25 out of 58 coal block allottees this week
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IMG to hear 25 out of 58 coal block allottees this week

Last Updated: Tuesday, September 04, 2012, 23:15
 
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IMG to hear 25 out of 58 coal block allottees this week
New Delhi: A list of 25 coal block allottees has been firmed up for presentation before the Inter- Ministerial Group later this week, raising questions over the deadline of September 15 being met for submitting the final report with regard to the fate of 58 blocks.

Hindalco, Tata Power, Monnet Ispat, Jindal Steel and Power Ltd and Usha Martin are among the allottees which would be called by the IMG, a source said.

Sources said the 25 coal block allottees would make presentation during the three-day meeting of Inter-Ministerial Group (IMG) from September 6.

It was not clear when the rest 33 would be called.

The government had set a deadline of September 15 for deciding the fate of 58 coal block allottees to which show cause notices have been issued.

Yesterday, the IMG on coal blocks skirted a decision on cancelling allotments of 58 mines and instead decided to give the allottees a personal hearing.

"The latest progress (on development of coal blocks) as reported by the Coal Controller will also be taken into account before recommending on the action against the coal block allocatees," an official statement had said.

The IMG has firmed up the guidelines for proportionate deduction of bank guarantees for failure to achieve milestones for development of the blocks.

The panel would present its recommendations on the action to be taken in these 58 coal blocks to Coal Secretary S K Srivastava by September 10, sources privy to the meeting had said.

Apart from the 58 blocks where unsatisfactory work had prompted the Coal Ministry to issue show-cause notices to the allottees, another 32 blocks would be reviewed subsequently.

The IMG, headed by Zohra Chatterji, Additional Secretary, Coal, was set up in July to recommend action against the coal block allottees for not meeting timelines set for beginning production.

The controversy over coal block allocation refuses to die down after the government auditor CAG estimated undue benefits to the tune of Rs 1.86 lakh crore to private firms on account of allocation of mines without auction.

PTI


First Published: Tuesday, September 04, 2012, 23:15


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