Govt threatens to cancel coal block allotted to Binani Cement

Govt threatens to cancel coal block allotted to Binani Cement
Published: 05 October 2009

India’s coal ministry has served Binani Cement Ltd with a show-cause notice seeking reasons for a delay in developing mines allotted for captive use, the Press Trust of India reported Sunday, citing the notice, filed Sept. 29.

The company has 15 days in which to respond, after which the process to de-allocate the block will start, the PTI reported.

"The progress is not satisfactory and your company seems to be a non-serious player," the PTI quoted the notice as saying.

Binani Cement said it had already sought time from the government to assess the block’s viability, the PTI reported.