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

Sensex Falls 277 Points Amid Broad Selling, But Will Markets Stabilise After Global Weakness Drags...

Sensex Falls 277 Points Amid Broad Selling, But Will Markets Stabilise After Global Weakness Drags...

SEBI's E-Gold Clarification: 'A Necessary Move' That Helps Define The Boundaries Of Digital...

SEBI's E-Gold Clarification: 'A Necessary Move' That Helps Define The Boundaries Of Digital...

Promises To Open New Skies, To Carry Dreams Across Horizons & Hold Your Hand While You Soar: Adani

Promises To Open New Skies, To Carry Dreams Across Horizons & Hold Your Hand While You Soar: Adani

Tata Motors Faces Possible Exit From Sensex After Demerger, Will IndiGo’s Parent InterGlobe...

Tata Motors Faces Possible Exit From Sensex After Demerger, Will IndiGo’s Parent InterGlobe...

Commerce Minister Piyush Goyal Will Meet Stakeholders To Discuss Ways To Boost Foreign Direct...

Commerce Minister Piyush Goyal Will Meet Stakeholders To Discuss Ways To Boost Foreign Direct...