For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Coal Ministry may review decision on cancellation of licences to Tatas, Jindals: Report

By Religare
|

Ministry may review decision on cancellation of license
The coal ministry may now review its decision to cancel coal mining licences of Tata Sons and Naveen Jindal-led Jindal Steel & Power, amidst pressure from the companies and the state governments, according to an Economic Times report.

 

The report said inter ministerial group (IMG) will meet again to review the decision and is expected to be a tough exercise as the CBI, CAG and the Supreme Court stay closely attached with so-called coalgate scam.

The report also quoted an official as saying "The Odisha state government has written to the coal ministry that it was just on the brink of awarding the required regulatory clearances. Therefore, the coal ministry has decided to take a re-look at its earlier decision. There is also lot of pressure from the companies."

The move also comes after top industrialists and associations criticized the coal ministry for cancelling the licences causing huge losses.

According to the report, the cases which would be review by ministry include North of Arkhapal block belonging to Strategic Energy Technology Systems — a consortium of Tata Sons and Sasol Synfuels International (Proprietary) of South Africa - and the Ramchandi Promotional block attached to the country's pilot coal-to-liquid projects worth Rs 45,000 crore. The blocks are among the largest awarded captive mines with 1,500 MT of reserves each.

Jindal Steel & Power's Utkal B1 and Bhushan Steel's Jamkhani coal blocks, that were penalised, will also be reviewed.

Read more about: tata jindal coal ministry
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more