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Sunday, February 16, 2014

Inter-Ministerial Group (IMG)Recommends De-allocation of 29 Coal Blocks


An inter-ministerial panel has recommended de-allocation of 29 coal blocks of companies such as Essar Power, Hindalco, Tata Power and Jindal Steel and Power Ltd., and has suggested “no action at present” for 30 other blocks.

The IMG recommended de-allocation of
  • Chakla and Ashok Karkatta coal blocks in Jharkhand allocated to Essar Power; 
  •  Tubed coal block in Jharkhand jointly allocated to Hindalco Industries and Tata Power and 
  • Gare Palma IV/6 in Chhattisgarh jointly allotted to firms like JSPL and Nalwa Sponge Iron Ltd.

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