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New UserCoal Ministry issues showcause notices to Adani Power, Jayaswal Neco for delays
20 Dec 2013
The Coal Ministry has issued show cause notices to Adani Power
and Jayaswal Neco Industries Ltd for delays in developing the mines allocated to
them for captive use.
"You are hereby called upon to show-cause, on each milestone separately to this
period within a period of 20 days...as to why the delay in the development of
coal block (s) should not be held as violation of the terms and conditions of
allocation...and why the coal block (s) should not be deallocated," the Ministry
said in letters to both the companies.
While Adani Power has been slapped a notice for failing to develop Lohara West
& Lohara Ext (E) coal block, Jayaswal Neco Industries has given the notice
for Gare Palma IV/8 coal block, the Ministry said.
"Keeping in view the unsatisfactory progress, IMG (Inter-Ministerial Group)
recommended to issue show cause notice for delay in development of coal block
(s). The recommendation of the IMG has since been considered and accepted by the
government," the letters said.
The Coal Ministry had earlier slapped
show cause notices to six companies, including Rungta Mines, for delays in
developing blocks.
The government had formed the IMG last year to review the
progress of coal blocks allocated to firms for captive use and recommend action,
including de-allocation for delays in development of mines.
The panel under the chairmanship of Additional Secretary in the Coal Ministry comprises
members from other ministries, including steel and power.
Source: PTI