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IMG to decide fate of coal blocks by Oct-end

Published: 17th October 2012 02:25 PM  |   Last Updated: 17th October 2012 02:25 PM   |  A+A-

The inter-ministerial group, constituted to look into the coal block allocations ,is expected give its recommendations with regard to 33 coal blocks allotted to public sector undertakings like MMTC and Nalco by the end of this month.

“The recommendations are likely by the last week of October,” a coal ministry official said.

Last month the government had accepted the recommendations of the inter-ministerial group which had suggested de-allocation of 13 mines and deduction of bank guarantees of 14 allottees.

The public sector units that were allotted coal blocks and presented their cases before the panel include Andhra Pradesh Power Generation Company, Chhattisgarh Mineral Development Corporation, MMTC, Nalco and others.

The IMG reviewed the development of blocks allotted to public sector firms on October 9 and 10 and looked in to 33 cases.

Earlier the IMG concluded the scrutiny of 31 coal blocks allotted to 51 private firms.

Coal Secretary S K Srivastava had recently conveyed it to Public Accounts Committee that the inter-ministerial group would finalise the recommendations with regard to 33 mines allocated to public sector firms by October 20.

A total of 58 mines were issued show cause notices for their failure to develop blocks within stipulated timeline.

 The government had formed the inter-ministerial group in July to review the progress of coal blocks allocated to companies for captive use. 



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