Coal news and updates

MoC show-causes 5 cos over tardy progress of coal blocks

December 18: Taking into consideration the tardy progress in the development of the various coal blocks allotted to them, the Inter-Ministerial Group (IMG) has show-caused five end-user companies.

The companies include Rungta Mines Limited (with respect to Bundu coal block), Essar Power Limited (with regard to Ashok Karkata Central and Chakla coal blocks), Jharkhand Integrated Power Limited (in respect of Kerandari ‘B’ and ‘C’ blocks), Jharkhand State Mineral Development Corporation (in relation to Jogeswar and Khas Jogeswar blocks) and Yamuna Coal Company (a joint venture of Indraprashta Power Generation Co Ltd and Haryana Power Generation (with regard to Mara Mahan coal block).

Keeping in view the unsatisfactory progress, the IMG has asked these entities to show cause on their various milestones separately to the Ministry of Coal (MoC) within a period of 20 days from the issue of the show cause notice, which is around January 4, 2014.