Indian government deallocates coal blocks

Indian government deallocates coal blocks
19 November 2012

India’s Ministry of Coal has issued deallocation letters for eight coal blocks, putting into action a recent decision by the Inter-Ministerial Group.  Government has issued letters for at least eight coal blocks given to a single company or jointly,” ministry sources said.

Companies affected by the measure include cement producers Grasim, Gujarat Ambuja Cement and Lafarge. The Bhaskarpara coal field was allocated to Grasim Industries while Gujarat Ambuja and Lafarge were previously awarded the Makardhokra-IV block.

According to the Indian Express, the blocks were deallocated by the government as they were not developed within a stipulated timeframe and for which satisfactory explanations were not given.

Published under Cement News

Tagged Under: coal India coal mining