Cos told to return de-allocated coal blocks for auction

Cos told to return de-allocated coal blocks for auction

FPJ BureauUpdated: Saturday, June 01, 2019, 09:33 AM IST
article-image

New Delhi:  To restart coal block auction, the government will coax companies to return the de-allocated coal mines, an official has said.  Of the 61 coal blocks, which were de-allocated by the government, only 8-9 blocks have been returned and in a number of cases, the allocatees have filed court cases against these orders. At present, 94 such cases have been registered.  According to a Power Ministry official, the government will persuade the companies to return those blocks so that the government can commence the auction process.  The official added that the blocks which have been given back by the firms are not sufficient for tendering and will not attract bids.  “The auction process is stuck due to non-unavailability of worthwhile coal blocks,” the official said, adding that the 8-9 blocks may be retained by Coal India.  So far, the government has de-allocated 80 coal blocks.

RECENT STORIES

FM Nirmala Sitharaman’s Record 9th Budget: Key Team Of Top Bureaucrats Finalising 2026-27...
FM Nirmala Sitharaman’s Record 9th Budget: Key Team Of Top Bureaucrats Finalising 2026-27...
India-EU FTA Negotiations Concluded; Duty Cuts On Textiles, Footwear, Cars & Wines To Be Announced...
India-EU FTA Negotiations Concluded; Duty Cuts On Textiles, Footwear, Cars & Wines To Be Announced...
Too Early To Confirm Sustained Rise In Small Car Demand Post-GST 2.0, SUVs Still Dominate: CEAT MD...
Too Early To Confirm Sustained Rise In Small Car Demand Post-GST 2.0, SUVs Still Dominate: CEAT MD...
Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Avantel Q3 FY26 Net Profit Rises 28% YoY To ₹32.9 Cr, Revenue Grows 25% To ₹441 Crore
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away
Pakistan Faces Deep Investment Crisis, High Costs & Policy Uncertainty Drive Investors Away