You are here: Home » Economy & Policy » News
Business Standard

Govt seeks information on progress in 61 coal blocks

There were 11 companies which were not recommended by Power Ministry but selected by screening committee

BS Reporter  |  New Delhi 

Coal
Image via Shutterstock

The coal ministry has sought information from companies on the progress of 61 captive coal blocks allocated to them.

The blocks are being reviewed for lapses and the companies have been given three-weeks time to respond before taking a final decision on the cancellation of allocations.

The companies which are being scrutinised include Tata Steel, Rungta Mines, Hindustan Zinc, Essar Power, Hindalco Industries, Adani Power, Arcelor Mittal, GVK Power, Monnet Ispat, Lanco, Jindal Steel & Power, Bhushan Ltd and JSW Steel. “The blocks where environment clearance and stage-I of forest clearance has not been obtained, will be de-allocated,” the coal ministry said in a letter to the companies holding the 61 blocks.

The ministry will also cancel allocations of blocks which were unexplored or partially explored at the time of allocation but prospecting license (PL) has not been obtained or geological reports have not been prepared even after receiving a PL. Apart from the companies, the ministry has given three-weeks time to the state governments concerned and the environment ministry for giving their views on the matter. The coal ministry will also take a decision within six weeks in cases where stage-II forest clearance has not been obtained. The companies have also been asked to explain whether they have executed mining leases or applied for them.

The firms have been given time till February 5 to obtain requisite approvals and furnish the documents in support.

“A decision for de-allocation will be taken based on the documents furnished. This notice supercedes any previous notice issued on the recommendations of the inter-ministerial group or otherwise,” the ministry said.

The Centre had on Tuesday told the Supreme Court it would examine the status of development in the 61 blocks. The exercise will affect the fate of 41 companies.

“There will be no further delay. Everything will be time-bound now,” Attorney General G E Vahanavati had told the court in an ongoing hearing in the alleged Rs 1.86 lakh crore coal allocation scam.

The court had asked the government to explain the huge delay in according clearances and start of operations.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, January 17 2014. 00:48 IST
RECOMMENDED FOR YOU
.