Government de-allocated six Coal Blocks due to delay in production
Government de-allocated 6 coal-blocks given to different companies following delay in production following a recommendation of IMG.
The Union Government of India on 18 February 2014 de-allocated six coal blocks given to firms following delay in production. This de-allocation has been done on the recommendation made in this regard by an Inter-Ministerial Group (IMG) that was headed by Additional Secretary, Coal as its Chairman.
The IMG was set-up to review the progress of development of captive coal blocks that were allotted to private companies.
Firms whose blocks has been de-allocation includes
• Hindalco Industries
• Tata Power
• Century Textiles and Industries
• J K Cement
The decision made by Coal Ministry to de-allocate the coal blocks given to JSPL and Sterlite has been put on hold in view of cases pending in courts.
Earlier on 17 February 2014, the Ministry de-allocated 10 coal blocks allocated to firms like
• Adani Power
• Jindal Steel and Power Ltd
• Uttam Galva Steels
• ACC Cement