Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
Fate of PSU’s coal mines by Oct 20:IMG
Last Updated : 07 Oct 2012 11:48:44 AM IST
Fate of PSU’s coal mines by Oct 20
Fate of PSU’s coal mines by Oct 20

The Inter-Ministerial Group (IMG) on coal blocks is likely to finalise its recommendations on 31 mines allocated to public sector firms by October 20.

"Coal Secretary S K Srivastava has recently conveyed it to Public Accounts Committee that the recommendations of the IMG as far as coal blocks allocated to public sector firms would be finalised by October 20," an official in the Coal Ministry told.

IMG, which had recently concluded the scrutiny of 31 coal blocks alloted to 51 private firms, is meeting this week to decide the fate of 31 coal blocks allocated to public sector firms.

PSU companies will present their case before the IMG on October 9 and 10. Of the total 31 coal blocks allotted to the public sector firms which were issued notices, around 15 coal block holders will present their case on first day, while 16 will make presentations on the second day.

The firms which will make presentations include MMTC, Chhattisgarh Mineral Development Corporation and TVNL.

The Coal Ministry is holding an internal meeting this week to discuss ways to deduct bank guarantees of private companies in case of the 14 blocks following the Inter-Ministerial Group recommending action against them.

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

Bhaskarpara coal block allotted to Grasim Industries and Electrotherm; Dahegaon Markardhokra IV given to IST Steel & Power; North Dhadu allotted to Electrosteel Castings; Choritand Telaiya allotted to Rungta Mines and Gondkhari block allotted to Maharashtra Seamless are among the 13 blocks whose deallocation has been approved.

The government also approved the deduction of the BG with regard to the coal mines of some of the firms including ArcelorMittal, GVK Power, Jayaswal Neco, Neelachal Iron & Steel and DB Power among others.

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.


Source:PTI, Other Agencies, Staff Reporters
Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:

super luxury car maker Rolls-Royce is gearing up to tap the country's Billionaires with ne

Coming-of-age drama 'Boyhood' won three of the biggest awards at the BAFTA 2015 but it was

Sunny Leone is seen scorching the screen in the first look of Leela with her bold acts.

Samsung unveiled the Galaxy S6 and Galaxy S6 Edge at Mobile World Congress in Barcelona, S

Reality TV star Kim Kardashian reportedly wants Beyonce to buy a house in her gated commun

Automaker Renault India today said it will roll-out a multi-purpose vehicle 'Lodgy' and a

Pharma tycoon Dilip Shanghvi surpassed Mukesh Ambani as the world's richest Indian with a

When Holi is round the corner, can anyone forget all-time hit Bollywood songs?

In an interim order, the Bombay High Court has restrained the city police from arresting o

Good news for the fans’ of Salman Khan and Deepika Padukone.

Reality TV star Kim Kardashian has posed nude for the upcoming 10th season of 'Keeping Up

Bollywood superstar Akshay Kumar and Actress cum Entrepreneur Shilpa Shetty Kundra have pa

Kashmir witnessed season's heaviest snowfall as the arterial Jammu-Srinagar National Highw

Mexican actress Stephanie Sigman has joined Monica Bellucci and Lea Seydoux as the new bon

Luxury carmaker Mercedes-Benz launched the all-new compact B-Class in both petrol and dies

Bollywood actor Poonam Pandey, gets relief as a local court in Bengaluru quashed a case pe

Automaker Renault India launched the new generation Duster priced at Rs 8.30 lakh (Delhi e

Now Bollywood A-list actors are competing to get nude on-screen.

The 2015 edition of the International Indian Film Academy Awards is set to enthrall Bollyw

India defeated Zimbabwe by six wickets chasing 288 runs target in World Cup Match.

Emraan Hashmi to kiss on screen in 'Azhar' again.

In a gruesome and shocking incident, the head of a baby got separated from its body during

The Power Electronics and Control unit company has developed mobile application "MassPark"

Aamir Right or Wrong?
Samay Live
Do you agree with Aamir\'s stand on intolerance?
Samay Live
Samay Live

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live