15 OCT, 2012, ET BUREAU
NEW DELHI: The coal ministry will start sending letters for de-allocation of coal blocks from Monday, a top coal ministry official said.
All files regarding de-allocation and bank guarantees of companies, which have not met targets to develop blocks, have reached the coal ministry from the inter-ministerial group (IMG). The ministerial panel had decided to de-allocate blocks on which no progress has been made, the official said.
"We will start sending formal de-allocation letters for 13 blocks from Monday and the ministry will also initiate the process of deducting bank guarantees for 14 blocks from companies," he said.
Blocks to be de-allocated include Bramhadih block in Jharkhand allocated to Castron Mining in 1996, Chinora and Warora (southern part) blocks in Maharashtra given to Field Mining and Ispat in 2003, Lalgarh (North) block in Jharkhand allotted to DOMCO Smokeless Fuels in 2005.
Gourangdih ABC coal block allotted to Himachal EMTA Power & JSW Steel Rawanwara North coal block allotted to SKS Ispat and Power and New Patrapara coal block allotted to Bhushan Steel and others will also be de-allocated.
IMG has recommended the deduction of bank guarantees for Marki Mangli-II, III and IV blocks in Maharashtra allocated to Shri Virangana Steels, besides asking Monnet Ispat & Energy to submit bank guarantees for Utkal B2 block in Odisha.
The government has also approved deduction of bank guarantees in the cases of Nerad Malegaon block allotted to Gupta Metaliks & Power and Gupta Coalfields, Lohari block allotted to Usha Martin, Radhikapur East coal block allotted to Tata Sponge Iron & others, and Bijahan coal block allotted to Bhushan. The Centre had allotted some 195 coalfields to 289 companies between 1993 and 2011.
NEW DELHI: The coal ministry will start sending letters for de-allocation of coal blocks from Monday, a top coal ministry official said.
All files regarding de-allocation and bank guarantees of companies, which have not met targets to develop blocks, have reached the coal ministry from the inter-ministerial group (IMG). The ministerial panel had decided to de-allocate blocks on which no progress has been made, the official said.
"We will start sending formal de-allocation letters for 13 blocks from Monday and the ministry will also initiate the process of deducting bank guarantees for 14 blocks from companies," he said.
Blocks to be de-allocated include Bramhadih block in Jharkhand allocated to Castron Mining in 1996, Chinora and Warora (southern part) blocks in Maharashtra given to Field Mining and Ispat in 2003, Lalgarh (North) block in Jharkhand allotted to DOMCO Smokeless Fuels in 2005.
Gourangdih ABC coal block allotted to Himachal EMTA Power & JSW Steel Rawanwara North coal block allotted to SKS Ispat and Power and New Patrapara coal block allotted to Bhushan Steel and others will also be de-allocated.
IMG has recommended the deduction of bank guarantees for Marki Mangli-II, III and IV blocks in Maharashtra allocated to Shri Virangana Steels, besides asking Monnet Ispat & Energy to submit bank guarantees for Utkal B2 block in Odisha.
The government has also approved deduction of bank guarantees in the cases of Nerad Malegaon block allotted to Gupta Metaliks & Power and Gupta Coalfields, Lohari block allotted to Usha Martin, Radhikapur East coal block allotted to Tata Sponge Iron & others, and Bijahan coal block allotted to Bhushan. The Centre had allotted some 195 coalfields to 289 companies between 1993 and 2011.
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