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

Indians most affected by global internet policies: Aruna Sundararajan

 People in India are most affected by global internet policies, said secretary, department of telecommunications, Aruna Sundararajan. Flagging the challenges of national governance, Sundararajan said on social media India has the largest number of users.   

Three killed as train derails in UP

Three passengers were killed and around a dozen sustained grievous injuries after nine coaches of Vasco Da Gama-Patna express derailed near Manikpur railway station in Uttar Pradesh on Friday morning. Similarly, 14 wagons of a goods train also jumped off the track near Cuttack in Odisha. 

Should Patidars of Gujarat be given reservation?

Should Patidars of Gujarat be given reservation?

Job market is currently experiencing structural change: Nathan

SV Nathan, partner and chief talent officer, Deloitte India spoke to Praggya Guptaa about the current job market situation and the upcoming opportunities in India. How would you assess the job market situation in India? If you look at the economy today

Are we seriously fighting malnutrition?

It did not surprise me when the India: health of the nation’s states, the India state-level disease burden initiative report released recently reported malnutrition the prime risk factor driving the most deaths and disability in Madhya Pradesh. Even in 1990 malnutrition was the frontrunner and after

Using mobile power or M-power to empower our citizens: Modi

 "We in India, give primacy to the human face of technology, and are using it to improve what I call, `ease of living`," said prime minister Narendra Modi on Thursday. “Empowerment through digital access, is an objective that the government of India is especially committed to



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter