IMG to meet on Sept 12 to finalise coal report

The Inter-Ministerial Group (IMG) is slated to meet again on Wednesday to decide on the fate of 29 coal blocks allocated to private companies

Written by ENS Economic Bureau | New Delhi | Published:September 11, 2012 1:21 am

The Inter-Ministerial Group (IMG) is slated to meet again on Wednesday to decide on the fate of 29 coal blocks allocated to private companies.

The meeting of the ministerial panel will finalise recommendations with regard to allotments made to firms whose representatives were given a chance to present their case during three days of hearing on September 6,7 and 8.

“The next meeting of the IMG will be held on September 12…to deliberate and finalise its recommendations in respect of allocatees/companies which made presentations before it,” an official statement said.

Around 30 coal blocks,of the 58 that have been issued showcause notices for delaying production,are with public sector firms,including MMTC,Chhattisgarh Mineral Development Corporation and Jharkhand State Mineral Development Corporation.

A deadline of September 15 was set by the Coal Ministry in the wake of uproar over irregularities in allocation of coal blocks after CAG estimated undue benefits to private firms on account of allocation of blocks to them without auction.

Last week,the panel undertook the review of the 29 blocks. “Presentations were made by the allocatees of 29 coal blocks in reply to showcause notices issued to them (for failure to develop the blocks as per stipulated timeframe),” the statement said.

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