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CCEA defers issue of pvt cos' coal blocks allocation

The Cabinet Committee on Economic Affairs today did not take up the issue of 61 coal blocks allotted to private companies such as Tata Steel, JSPL and Hindalco, which have been unable to develop the mines within the stipulated timeframe.

January 30, 2014 / 19:00 IST
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The Cabinet Committee on Economic Affairs today did not take up the issue of 61 coal blocks allotted to private companies such as Tata SteelJindal Steel & Power Ltd and Hindalco, which have been unable to develop the mines within the stipulated timeframe.

"It (the agenda for modification in directions of the CCEA taken on January 13 pertaining to 61 blocks) has not been taken up for discussion," Finance Minister P Chidambaram told reporters after the meeting. Another minister said the issue could not be taken up due to paucity of time.

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The CCEA, as per sources, was to modify its directions on these blocks which have been issued notices for not starting production.

In its last meeting on January 13, CCEA had directed the Coal Ministry to "propose the criteria for dealing with the identified 61 cases of coal blocks allocated to private companies in pursuance of the recommendations of the screening committee for vetting by the Attorney General of India".