Deallocation

  • Coal Ministry decides to deallocate 28 blocks February 19, 2014

    The Coal Ministry has decided to deallocate 28 coal blocks of companies, including JSPL, Areclor Mittal and Sterlite Energy, for delays in developing the mines alloted to them for captive use. The development follows the the recommendations of the inter-ministerial group (IMG) which suggested the deallocation of mines. "The inter-ministerial group...
  • Himachal HC stays de-allocation of coal block December 2, 2012

    Shimla: The Himachal Pradesh High Court has stayed the de-allocation of a coal block in West Bengal to Himachal EMTA Power Ltd (HEPL) by the Union Coal Ministry. The Interim orders were passed by the court on a petition filed by HEPL, challenging the letter de-allocating the coal block and...
  • IMG recommends de-allocation of 3 more coal blocks November 20, 2012

    New Delhi: Winding up the exercise of scrutiny of mines allotted to PSUs which failed to develop coal mines within stipulated timeframe, the Inter-Ministerial panel on coal blocks on Tuesday recommended de-allocation of three more blocks. "The IMG has recommended de-allocation of three blocks today including one allotted to Jharkhand State...
  • Deallocation, bank guarantee deduction for coal blocks November 18, 2012

    Kolkata: The Ministry of Coal has issued letters for deallocation of coal blocks of firms like Electrotherm and bank guarantee deduction for companies like DB Power. The letters were issued on the back of the recommendations of the Inter-Ministerial Group headed by Additional Secretary (Coal). In the case of DB...
  • JSW Steel, Tata Power down on coal de-allocation September 18, 2012

    Shares of JSW Steel, Hindalco and Tata Power on Tuesday tanked on the BSE following the government move to deallocate one more coal mine, and deduct bank guarantees in the case of two companies. The government on Monday decided to deallocate the Gourangdih ABC coal block, given jointly to JSW Steel...
  • Ministry delaying action on coal de-allocation September 5, 2012

    New Delhi: The Coal Ministry may be responsible for the delay in the de-allocation of coal blocks. According to documents accessed by CNN-IBN, the ministry has deliberately delayed the process of de-allocation. CNN-IBN has accessed letters between the Coal Secretary and the Inter Ministerial Group (IMG) Additional Secretary on the de-allocation...
  • 'De-allocation of coal blocks will start on Sep 16' September 4, 2012

    New Delhi: Union Coal Minister Sriprakash Jaiswal on Monday said that the government will not hesitate in taking action against any minister even if he or she is from the Congress in the alleged coal scam case. Jaiswal said that reviewing coal blocks is not an ordinary work as it...