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Jun 20, 2012, 03.32 PM IST
The Prime Minister’s Office (PMO) is keen on increasing coal production, say CNBC-TV18 sources. It is also learnt that the PMO is in favour of allocating the de-allocated coal blocks to Coal India under the government dispensation.
On May 5, the coal ministry had decided to de-allocate 14 coal blocks and one lignite captive coal block for slow implementation and non-implementation of mining projects by the block allocattees. Two of these coal blocks were allocated to private companies and 12 to government companies of which one of them was CIL.
The Coal Ministry's announcement under New Auction Notification is likely soon. CIL will have to pay a reserve price for the de-allocated blocks. The crucial meeting between the PMO, coal ministry and CIL is likely on June 22.
Action in Coal India
May 24 2013, 16:42
- in Rupee
May 23 2013, 09:33
- in Technicals