Coal news and updates

Govt to review status of 32 coal blocks next week

Coal Ministry will next week review the status of auctioned and alloted coal blocks to companies like SAIL, Adani Power, Hindalco, NTPCBSE 1.91 % and JSW SteelBSE 1.02 % amid the government eyeing an ambitious one billion tonnes of production by 2020. 

"It has been decided to hold a meeting under the Chairmanship of Joint Secretary and Nominated Authority, Ministry of Coal to review the status of schedule III coal mines/blocks allocated so far," Coal Ministry said in a meeting notice. "The meeting is scheduled to be held on January 19, 2016," the notice added.

Some of the blocks, which would be reviewed are NTPC's Talaipalli, Chatti Bariatu, Chatti Bariatu (South), Dulanga and Kerandari mines, SAIL's Sitanala mine, Adani Power's Jitpur mine, GMR Chhattisgarh Energy Ltd's Ganeshpur mine, Hindalco Industries Dumri mine and JSW Steel's Moitra mine among others. The government had last year in three tranches auctioned 31 coal mines and made an allotment of 42 coal blocks to central or state government companies.

The auction and allotment proceeds from 73 coal mines have touched over Rs 3.44 lakh crore over the life of the mine, which shall be devolving entirely to the coal producing states.
Source: Economic Times