43 coal mines allotted to PSUs

Next phase of auctioning begins next month with a notification for 16 to 24 coal blocks

GN Bureau | March 24, 2015


#coal   #auction   #PSUs   #Anil Swarup  

Coal mines allotment to central and state public sector undertakings (PSUs) was completed on Tuesday.  Coal secretary Anil Swarup tweeted that list of coal block allottees will be made available on MSTC portal.

The coal ministry had received 107 applications from companies like NTPC, SAIL and Neyveli Lignite Corp for allocation of 43 coal blocks. The process started on February 18 and the maximum applications came for Gare Palma sector II coal mine.

The government has already generated over Rs 2 lakh crore by auctioning 33 blocks to private companies. This process was completed after two rounds of e-auctioning. The amount generated so far is much higher than Rs 1.86 lakh crore, the loss estimated by Comptroller and Auditor General (CAG) of India.

The Supreme Court in September last year had cancelled the 204 coal blocks allocated between 1993 and 2011 calling it illegal and arbitrary. After the judgement the NDA government brought an ordinance for amending the Coal Mines (Nationalisation) Act, 1973 in October and December last year, allowing commercial mining by private companies and allocation of mines through e-auctioning.

Both the houses of the Parliament have passed the Coal Mines (Special Provisions) Bill, 2014, as the ordinance was to lapse on April 5.

The passage of the bill also allows the government to auction another set of 16-24 coal blocks next month. Swarup was quoted in a media report that the notification for the third tranche of auction should be in third week of April and there is a likelihood of around 16-24 blocks to be put on auction.

Comments

 

Other News

NALCO aims at making country country self-reliant in strategic minerals

In its bid to make the country self-reliant in the areas of 12 strategic minerals that are either not available in India or not available adequately, National Aluminium Company (NALCO), HCL and Mineral Exploration Corporation Limited (MECL), the CPSEs of ministry of mines have inked an agreement.

Facebook`s Ten Commandments to fights fake news

Social media giant Facebook has offered “tips for spotting false news” as part of its campaign to combat spread of misinformation. In a full-page advertisement in sections of print media, Facebook offered the tips, along with the tagline: “Together, we can limit the spread

Aiming disinvestment, ITDC properties to be transferred

The central government has agreed to transfer Hotel Jaipur Ashok at Jaipur and Lalitha Mahal Palace Hotel at Mysore of India Tourism Development Corporation Ltd (ITDC) to Rajasthan and Karnataka governments, respectively and disinvest ITDC shares in Donyi Polo Ashok Hotel Corporation. The ca

Rohingyas in India are illegal immigrants: Rajnath Singh

Rohingya people who have entered India are not refugees but illegal immigrants, home minister Rajnath Singh has said, as they have not followed the due procedure to acquire a refugee status. “By deporting Rohingyas from India, we are not violating any international law. India is not a

In Yogi regime, police return to notorious past of encounter killings

Lucknow, September 15 The Uttar Pradesh Police releases official data on crime control under the new dispensation of Chief Minister Yogi Adityanath. Reveals that in 180 days of the new government, 420 encounters have taken place leading to the elimination of 15 supposedl

India-Africa relations: A peep into energy ties

Since the dawn of this century, owing to their growing interdependence, India’s ties with the African states have gradually been acquiring significance in a rapidly globalising world. Such interdependence is manifesting itself quite clearly in economic, developmental and politico-strategic spheres of



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter