Coal ministry deallocates two more blocks in Odisha

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Continuing its crackdown on non-serious players, the Ministry of Coal deallocated two more coal blocks- Baitarani West and Naini- allotted in Odisha in view of the unsatisfactory progress in development of the coal mines and end-use plants.

The deallocation has been effected by the ministry on the basis of recommendations made by the inter-ministerial group (IMG) of the Centre on coal block allocation. The government has also forfeited 50 per cent bank guarantee provided by the allocatees at the time of allotment.

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http://www.business-standard.com/india/news/coal-ministry-deallocates-two-more-blocks-in-odisha-/495281/
Publication Date: 
12/12/2012