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IMG recommends cancellation of 30 coal blocks

Industry giants including Tata, JSPL, Essar, Vedanta, ArcelorMittal are impacted by the order.

New Delhi |
Updated: February 11, 2014 3:19:24 am

An inter-ministerial group (IMG) tasked with suggesting punitive measures for allottees idling their captive coal blocks is learnt to have recommended cancellation of 30 mines, making it the single biggest de-allocation so far.

Apart from several major firms like Jindal Steel and Power (JSPL), Essar Power, the Tata Group and Reliance Infrastructure, many smaller companies are now understood to be included in the list.

In its two-day meeting that ended on Saturday, the panel considered the status of 61 captive blocks and finally zeroed in on de-allocation of the mines. According to a coal ministry source, the list will be sent to coal minister Sriprakash Jaiswal soon for his approval, following which letters informing cancellation will be sent to the block holders.

The blocks learnt to have been recommended for cancellation include Gare Palma IV/6 of JSPL; Rampia and Dipside of Rampia blocks in Orissa allocated jointly to Reliance Infrastructure, Lanco, Sterlite Energy, GMR Energy, ArcelorMittal India and Navabharat Power; and Essar Power’s Chakla and Ashok Karkatta blocks in Jharkhand.

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The panel has also recommended cancellation of Radhikapur East block allocated to a consortium of companies led by Tata Sponge, the Moira Madhujore mine allotted to a consortium of six firms including steel maker Uttam Galva.

The Madanpur North mine belonging to seven firms including Sunflag Iron and Steel, and the Madanpur South Mine held by a consortium of six including Hindustan Zinc would be cancelled.

The fate of the Mahan block allotted to Aditya Birla group company Hindalco and Essar Power was not known, as also that of Kotre Basantpur, Pachmo and Ganeshpur blocks of Tata Steel and Jitpur and Utkal B1 blocks of JSPL

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