Announcement

Monday, September 19, 2011

Indian coal ministry seeks status report on captive blocks from firms



Having already issued a warning to coal block allottees that have failed to develop mines awarded to them in a timely fashion, the government has now asked these firms to furnish a status report on progress made on these delayed projects in the July to September quarter.

The Coal Ministry said "You are requested to send detailed information for the quarter ending September 2011 in respect of allocated coal/lignite blocks and associated end use projects along with the reasons for delays in implementation of the coal/lignite project to this office by September 30."

In May, the coal ministry took a decision to deallocate 14 coal blocks and one lignite block and issued warnings in respect to 29 coal and three lignite mine allottees asking the concerned companies to commence production in time.

The companies whose coal blocks were deallocated include NTPC, Andhra Pradesh Power Generation Corporation, Bhatia International, Shree Bhaidyanath Ayurved Bhavan, Jharkhand State Electricity Board, Damodar Valley Corporation and Gondawana Ispat Ltd among others.

(Sourced from Economic Times)

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