core sector communique

Government Deallocates three more Coal Blocks

The Government has deallcoated 3 more coal blocks on the recommendations of Inter-Ministerial Group’s review held on 14th and 15th September, 2012.   These blocks include - Gourangdih ABC Coal Block allotted to M/s Himachal EMTA Power Ltd. & M/s JSW Steel Ltd. -Rawanwara North Coal Block allotted to SKS Ispat and Power Ltd. - New Patrapara Coal Block allotted to M/s Bhushan Steel Ltd. and others.   The Government has also approved deduction of Bank Guarantee (BG) in the cases of Nerad Malegaon Block allotted to M/s Gupta Metaliks & Power Ltd. & Gupta Coalfields Ltd. Lohari block allotted to Usha martin Ltd., Radhikapur East coal block allotted to M/s Tata Sponge Iron Ltd. & others, and Bijahan Coal Block allotted to Bhushan Ltd. The IMG did not recommend deduction of BG or deallocation in the cases of Moher and Moher Amlohri Blocks allotted to Sasan Power Ltd. and Pachmo Block allotted to Tata Steel Ltd. The Government had earlier deallocated 4 coal blocks on 13th September, 2012.  These blocks were : - Brahmdiha Block allocated to M/s Castron Mining Limited, -Chinora and Warora (Southern Part) Blocks allocated to M/s Fieldmining and Ispat Limited, -Lalgarh (North) Block allotted to M/s DOMCO Smokeless Fuels Pvt. Limited, The Government had also approved deduction of Bank Guarantee in case of Marki Mangli-II, III and IV Blocks allocated to M/s Shri Virangana Steels Limited.  It also approved that in the case of Utkal B2 Block allocated to M/s Monnet Ispat & Energy Limited, where there was substantial progress but no provision for BG, the allocattee may be asked to submit BG amounting to three years royalty within a period of one month from date of letter in this regard failing which the block may be deallocated.