Friday, 22 Jul 2011 |Agency PTI
The coal ministry has warned Maharashtra State Mineral Development Corporation that Warora coal block allocated to it would be cancelled if it fails to develop it in time.
The coal ministry in a letter to the MD of MSMDC said that "The allocattee is hereby warned to develop the block immediately. In case of further failure necessary action will be initiated including de allocation of the coal block.”
The government has recently warned two firms, including National Thermal Power Corporation for delay in developing their coal blocks, saying that they would be deallocated if no immediate action is taken by the companies.
Power major NTPC had received the warnings regarding delay in development of two coal blocks each in Jharkhand and Chhattisgarh, and Utkal Coal Ltd for its asset in Orissa.
Besides, the ministry had last week warned Gondwana Ispat and Andhra Pradesh Development Corp regarding deallocation of coal assets for not developing them on time.
The government had last month said the panel set up by the ministry to look into the process of deallocation of coal blocks had recommended issuing warnings to 29 coal and three lignite blocks allocattees. The panel had also suggested cancellation of 14 coal blocks and one lignite block to six PSUs, including NTPC and three private firms for failing to develop the mines.
This year, the government has deallocated coal blocks of various firms, including NTPC, Damodar Valley Corporation and Andhra Pradesh Power Generation Corporation Ltd.
The coal ministry in a letter to the MD of MSMDC said that "The allocattee is hereby warned to develop the block immediately. In case of further failure necessary action will be initiated including de allocation of the coal block.”
The government has recently warned two firms, including National Thermal Power Corporation for delay in developing their coal blocks, saying that they would be deallocated if no immediate action is taken by the companies.
Power major NTPC had received the warnings regarding delay in development of two coal blocks each in Jharkhand and Chhattisgarh, and Utkal Coal Ltd for its asset in Orissa.
Besides, the ministry had last week warned Gondwana Ispat and Andhra Pradesh Development Corp regarding deallocation of coal assets for not developing them on time.
The government had last month said the panel set up by the ministry to look into the process of deallocation of coal blocks had recommended issuing warnings to 29 coal and three lignite blocks allocattees. The panel had also suggested cancellation of 14 coal blocks and one lignite block to six PSUs, including NTPC and three private firms for failing to develop the mines.
This year, the government has deallocated coal blocks of various firms, including NTPC, Damodar Valley Corporation and Andhra Pradesh Power Generation Corporation Ltd.
Read more news about Indian Coal Ministry news
Cancelled Coal Blocks may be Returned to NTPC
Indian coal ministry issues warnings to 3 firms
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