IMG recommends further deallocation of Coal Blocks
The Inter-Ministerial Group (IMG) on coal that has been reviewing progress of coal blocks met on 14th and 15th September, 2012 and deliberated upon the cases of ten blocks allotted to 23 companies.
The IMG has recommended deallocation of three blocks namely - Gourangdih ABC Coal Block allotted to M/s Himachal EMTA Power Ltd. & M/s JSW Steel Ltd. Rawanwara North Coal Block allotted to SKS Ispat and Power Ltd. and New Patrapara Coal Block allotted to M/s Bhushan Steel Ltd. and others.
The IMG has recommended deduction of Bank Guarantee (BG) in the cases of Nerad Malegaon Block allotted to M/s Gupta Metaliks & Power Ltd. & Gupta Coalfields Ltd. Lohari block allotted to Usha martin Ltd., Radhikapur East coal block allotted to M/s Tata Sponge Iron Ltd. & others, and Bijahan Coal Block allotted to Bhushan Ltd. The IMG did not recommend deduction of BG or deallocation in the cases of Moher and Moher Amlohri Blocks allotted to Sasan Power Ltd. and Pachmo Block allotted to Tata Steel Ltd.
IMG is scheduled to hold its next meeting on 17th September, 2012. The IMG had earlier heard the coal block allocates who were invited to make presentations from 6th to 8th September, 2012, and also obtained updated status paper from Coal Controller/Ministry of Coal.
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