In a setback to Jindal Steel and Power (JSPL), the Delhi High Court has upheld the decision of the government to cancel Jindal Power's bid for the Gare Palma and Tara blocks.
Coal Secretary Susheel Kumar says four blocks have been set aside for commercial mining. Speaking to Anshu Sharma he also adds that the proposals for allocation of 25 blocks have been in the works.
West Bengal has received Gourangdih ABC mine out of seven blocks alloted to states for allocation to MSMEs in respective states.
Coal blocks will be put for auction after the Environment Ministry reviews them, and bidders have to agree to a minimum work programme, according to an official statement.
The newly formed Cabinet Committee on Investment is likely to consider tomorrow clearing 47 oil & gas blocks, including Reliance Industries' producing KG-D6 gas fields, where defence approval has either been withdrawn or withheld.
The government has decided to deduct bank guarantee to the extent of Rs 6.49 crore with regard to a coal block in Orissa jointly allocated to Bhushan and Mahavir Ferro Alloys for delays in production.
Government today de-allocated two coal blocks, including one associated with brother of tourism minister Subodh Kant Sahai, even as the Inter-Ministerial Group recommended punitive action against a firm owned by Congress MP Naveen Jindal.
The coal ministry is hopeful of meeting the deadline of September 15 for deciding on the fate of 29 coal blocks allotted to private firms whose review has been undertaken by an inter-ministerial group (IMG).
CBI moves to register the first set of cases in the allocation scandal surrounding coal blocks, there is growing concern over whether these coal block allotments will be cancelled and the impact of such an action this even as the coal minister sought to clarify his involvement, reports Anshu Sharma of CNBC-TV18.