Saturday, November 23, 2024
Business

Coal Ministry to show-cause cos for de-allocation

New Delhi: The Coal Ministry has decided to issue show-cause notices to various coal companies to de-allocate 93 coal and 4 lignite blocks for not making sincere efforts for the development of these blocks for the past several years.

These coal companies were issued several reminders also in the past. So far, the Government has allocated 207 coal blocks for the development of coal resources.

The decision was taken at a high-level meeting recently held in the Ministry. Out of these 93 coal blocks, 45 belongs to Government sector companies while 48 belongs to the private sector companies. All the 4 lignite blocks belongs to the private sector companies.

In addition, twenty-three Government and private sector companies have been issued Advisories to complete the process for the development of the blocks allotted to them at the earliest to avoid de-allocation of their blocks.

In view of the increasing demand for coal, the Government is making all efforts to enhance production through fast-track development of coal blocks. The de-allocation drive is part of this process.

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